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CAUCUS DISTRIBUTORS v. COM'R OF COMMERCE

No. C4-87-1952.

422 N.W.2d 264 (1988)

CAUCUS DISTRIBUTORS, INC., et al., Relators, v. COMMISSIONER OF COMMERCE, Respondent.

Court of Appeals of Minnesota.

Review Denied June 10, 1988.

Attorney(s) appearing for the Case

Stuart L. Finney, Fuller & Finney, Edina, Patrick J. Moran, Moran & Pilger, Houston, Tex., for relators.

Hubert H. Humphrey, III, Atty. Gen., Jerome L. Getz, Sp. Asst. Atty. Gen., St. Paul, for respondent.

Heard, considered and decided by RANDALL, P.J., and LANSING and MULALLY, JJ.

OPINION

RANDALL, Judge.

This matter is before us on writ for certiorari to review a decision of the Commissioner of Commerce. The Commissioner found promissory notes relators offered and sold in exchange for loans were unlicensed securities. The Commissioner ordered relators to cease offering or selling unfiled promissory notes or debt instruments without obtaining an opinion letter from the department of commerce. This appeal is from the Commissioner's...

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