ALABAMA SECURITIES COMMISSION

ON 14 DEC 2010 THE COMMISSION ISSUED A SHOW CAUSE ORDER TO RESPONDENTS FOR THE OFFER AND SALE OF UNREGISTERED SECURITIES IN ALABAMA. THE SECURITIES WERE PROMISSORY NOTES. THE ORDER ALSO CITED RESPONDENTS CONNER, CUMMINGS, DOZIER, HAY, STEVENS, AND WILSON FOR SELLING PREFERRED STOCK IN AN UNSUITABLE MANNER. THE ORDER ALSO CITED WALKER FOR DISHONEST OR UNETHICAL BUSINESS PRACTICE AND CITED WALKER, LANKFORD, AND LATHAM FOR FAILURE TO SUPERVISE. THE COMMISSION ISSUED NOTICES TO THE RESPONDENTS GIVING RESPONDENTS 28 DAYS FROM DATE OF RECEIPT OF THE ORDER TO RESPOND OR PERFECT A RIGHT TO A HEARING. CONTACT S/A MICHAEL WILKERSON FOR ADDITIONAL INFORMATION.

Consent

MONETARY FINE: $1500.

WHILE THE REPRESENTATIVE DENIES ANY WRONDGOING, IN EFFORT TO RESOLVE THIS MATTER AND AVOID FURTHER COST AND UNCERTAINTY, HE ENTERED INTO THIS CONSENT ORDER WITH THE ASC AND WAS REQUIRED TO PAY $750.00 IN AN ADMINISTRATIVE ASSESSMENT AND $750.00 AS PARTIAL REIMBURSEMENT FOR THE COMMISSION'S COST OF INVESTIGATING THIS MATTER. THERE WAS NO FINDING THAT THE REPRESENTATIVE HAD VIOLATED RULES THAT PROHIBIT FRAUDULENT, MANIPULATIVE OR DECEPTIVE CONDUCT.