ALABAMA SECURITIES COM'N v. ABC

2910360.

612 So.2d 1237 (1992)

ALABAMA SECURITIES COMMISSION v. AMERICAN BUSINESS CLUB; J.F. (Jim) Straw.

Court of Civil Appeals of Alabama.

Rehearing Denied December 11, 1992.

Certiorari Denied February 26, 1993.


Attorney(s) appearing for the Case

Robert L. Rash, Director, Alabama Securities Com'n, Montgomery, for appellant.

Perry O. Hooper, Sr. and Henry A. Leslie, Montgomery, for appellees.


Alabama Supreme Court 1920519.

ROBERTSON, Presiding Judge.

The Alabama Securities Commission (Commission) issued a temporary cease and desist order to the American Business Club (ABC) and J.F. Straw, based on the belief that ABC and Straw were offering unregistered, non-exempt securities into or within the State of Alabama in violation of the Alabama Securities Act. ABC requested and was granted a hearing before the Commission several months later. The Commission...

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