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MAJORS v. S.C. SECURITIES COM'N

No. 26317.

373 S.C. 153 (2007)

644 S.E.2d 710

Ned B. MAJORS and Tax Lien Agents, Inc., Appellants, v. SOUTH CAROLINA SECURITIES COMMISSION, Respondent.

Supreme Court of South Carolina.

Decided April 23, 2007.

Rehearing Denied May 23, 2007.

Attorney(s) appearing for the Case

John F. Beach and John J. Pringle, Jr., both of Ellis, Lawhorne & Sims, of Columbia, and Ned Majors, of Myrtle Beach, for Appellant.

Scott E. Hultstrand and Tracy A. Meyers, both of Office of the Attorney General, of Columbia, for Respondent.

Justice WALLER.

We certified this case from the Court of Appeals pursuant to Rule 204(b), SCACR. The South Carolina Securities Exchange Commission ordered Appellants, Ned Majors and Tax Lien Agents, Inc. (collectively TLA), to "Cease and Desist Selling Unregistered Securities and Engaging in Securities Fraud." TLA appeals, contending it is not engaged in the sale of "securities." We disagree and therefore affirm.

FACTUAL BACKGROUND

Ned Majors is...

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