NASD

NASD RULES 2110, 3040 - RESPONDENT PARTICIPATED IN PRIVATE SECURITIES TRANSACTIONS WITHOUT PRIOR WRITTEN NOTICE TO AND APPROVAL FROM HIS MEMBER FIRM; BECKER PAID $233,428 OF FIRM'S FUNDS TO HIMSELF AS COMPENSATION WITHOUT FIRM'S AUTHORIZATION OTHER THAN THE $60,000 TO WHICH HE WAS ENTITLED PURSUANT TO HIS EMPLOYMENT AGREEMENT, THEREBY CONVERTING THESE FUNDS TO HIS OWN USE AND BENEFIT.

Acceptance, Waiver & Consent(AWC)

Bar

WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, BECKER CONSENTED TO THE DESCRIBED SANCTION AND TO THE ENTRY OF FINDINGS, THEREFORE HE IS BARRED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY.

WASHINGTON STATE DFI, SECURITIES DIVISION.

THE DIVISION ALLEGES THAT FES AND MR. BECKER VIOLATED THE ANTI-FRAUD PROVISION OF THE SECURITIES ACT BY SELLING UNREGISTERED SECURITIES ISSUED BY HEALTH MAINTENANCE CENTERS AND CASCADE POINT, LLC.

Consent

Monetary/Fine

$20,000.00

Revocation/Expulsion/Denial

Cease and Desist/Injunction

Bar

Suspension

COSTS AND ATTORNEY FEES OF $35,000.

ON JULY 12, 2005, THE SECURITIES DIVISION ENTERED A CONSENT ORDER WITH FINANCIAL & ESTATE STRATEGIES, INC.(FES), OF BELLEVUE, WASHINGTON, AND ITS SOLE OFFICER AND DIRECTOR, RANDALL T. BECKER, OF SAMMAMISH, WASHINGTON. THE CONSENT ORDER SETTLES CHARES, FILED IN OCTOBER 2004. FES AND MR. BECKER NEITHER ADMIT NOR DENY THE DIVISION'S ALLEGATIONS. IN SETTLING THE MATTER, FES AND MR. BECKER AGREED TO THE REVOCATION OF THEIR INVESTMENT ADVISER AND INVESTMENT ADVISER REPRESENTATIVE REGISTRATIONS AND THAT NEITHER MAY APPLY TO THE DIVISION FOR ANY REGISTRATION FOR SIX YEARS FROM JULY 12, 2005, THE DATE THE ORDER WAS ENTERED. IN ADDITION, FES AND MR. BECKER AGREED TO A $20,000 FINE, WITH $10,000 SUSPENED BASED ON FUTURE COMPLIANCE WITH THE ORDER, AND TO PAY $35,000 IN ATTORNEY FEES AND COSTS. A COPY OF THE STATEMENT OF CHARGES ISSUED IN THIS MATTER, WHICH INCLUDED THE FINDINGS OF FACT AND CONSLUSIONS OF LAW ON WHICH THE CONSENT ORDER WAS BASED AND COPY OF THE CONSENT ORDER IS AVAILABLE AT WWW.DFI.WA.GOV

WASHINGTON

ON JULY 12, 2005, THE SECURITIES DIVISION ENTERED A CONSENT ORDER WITH FINANCIAL & ESTATE STRATEGIES, INC. (FES), OF BELLEVUE, WASHINGTON, AND ITS SOLE OFFICER AND DIRECTOR, RANDALL T. BECKER, OF SAMMAMISH, WASHINGTON. THE CONSENT ORDER SETTLES CHARGES, FILED IN OCTOBER 2004, THAT FES AND MR. BECKER VIOLATED THE ANTI-FRAUD PROVISION OF THE SECURITIES ACT BY SELLING UNREGISTERED SECURITIES ISSUED BY HEALTH MAINTENANCE CENTERS AND CASCADE POINT, LLC. FES AND MR. BECKER NEITHER ADMIT NOR DENY THE DIVISION'S ALLEGATIONS. IN SETTLING THE MATTER, FES AND MR. BECKER AGREED TO THE REVOCATION OF THEIR INVESTMENT ADVISER AND INVESTMENT ADVISER REPRESENTATIVE REGISTRATIONS AND THAT NEITHER MAY APPLY TO THE DIVISION FOR ANY REGISTRATION FOR SIX YEARS FROM JULY 12, 2005, THE DATE THE ORDER WAS ENTERED. IN ADDITION, FES AND MR. BECKER AGREED TO A $20,000 FINE, WITH $10,0000 SUSPENDED BASED ON FUTURE COMPLIANCE WITH THE ORDER, AND TO PAY $35,000 IN ATTORNEY FEES AND COSTS. A COPY OF THE STATEMENT OF CHARGES ISSUED IN THIS MATTER, WHICH INCLUDED THE FINDINGS OF FACT AND CONCLUSIONS OF LAW ON WHICH THE CONSENT ORDER WAS BASED, IS AVAILABLE HERE. A COPY OF THE CONSENT ORDER IS AVAILABLE HERE. FES AND RANDALL WAIVED FURTHER REVIEW OF THIS MATTER.

Consent

Monetary/Fine

$55,000.00

Revocation/Expulsion/Denial

Cease and Desist/Injunction

Suspension

FOR DETAIL PLEASE REFER TO CONSENT ORDER S-02-316-03-SC01. DEPARTMENT OF FINANCIAL INSTITUTIONS WEBSITE: WWW.DFI.WA.GOV

NASD

NASD CONDUCT RULE 2110 - RESPONDENT RANDALL T. BECKER WITHOUT THE KNOWLEDGE OR CONSENT OF HIS MEMBER FIRM, ENTERED INTO AN AGREEMENT WITH A PERSON WHO WAS NOT A CUSTOMER OF HIS MEMBER FIRM, IN WHICH BECKER AGREED TO OPEN 142 ACCOUNTS AT HIS FIRM FOR THE PERSON IN EXCHANGE FOR A PAYMENT OF $100 PER ACCOUNT. RESPONDENT BECKER RECEIVED THE PAYMENT OF $14,200 AND THE ACCOUNTS WERE OPENED DURING THE PERIOD FROM ON OR ABOUT JULY 13, 2001, UNTIL ON OR ABOUT OCTOBER 18, 2001. RESPONDENT BECKER SUBSEQUENTLY REPAID $2,000 TO THE PERSON WHO HAD PAID HIM.

Acceptance, Waiver & Consent(AWC)

Monetary/Fine

$17,200.00

Disgorgement/Restitution

Suspension

WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, RANDALL T. BECKER CONSENTED TO THE FINDING OF THE ALLEGATIONS AND TO THE FOLLOWING SANCTIONS: SUSPENDED FROM ASSOCIATION WITH ANY NASD MEMBER IN ANY CAPACITY FOR 15 BUSINESS DAYS AND FINED $17,200.00, WHICH INCLUDES THE DISGORGEMENT OF FINANCIAL BENEFITS RECEIVED BY BECKER OF $12,200.00. THE FINE SHALL BE DUE AND PAYABLE EITHER PRIOR TO REASSOCIATION WITH A MEMBER FIRM FOLLOWING THE SUSPENSION OR PRIOR TO ANY APPLICATION OR REQUEST FOR RELIEF FROM ANY STATUTORY DISQUALIFICATION RESULTING FROM THIS OR ANY OTHER EVENT OR PROCEEDING, WHICHEVER IS EARLIER. SUSPENSION EFFECTIVE JUNE 7, 2004 TO CLOSE OF BUSINESS JUNE 25, 2004.