ALABAMA SECURITIES COMMISSION

Respondent was not registered at the time of the sale of the security.

Decision

Cease and Desist

FINRA

WITHOUT ADMITTING OR DENYING THE FINDINGS, YORK CONSENTED TO THE SANCTION AND TO THE ENTRY OF FINDINGS THAT HE PARTICIPATED IN PRIVATE SECURITIES TRANSACTIONS AND HE FAILED TO PROVIDE PRIOR WRITTEN NOTICE OF HIS PARTICIPATION IN THE TRANSACTIONS TO HIS MEMBER FIRMS. THE FINDINGS STATED THAT YORK INVESTED A TOTAL OF $655,000 IN A MOVIE PRODUCTION COMPANY, BOTH PERSONALLY AND THROUGH A COMPANY HE OWNED, AND HE SOLICITED FOUR CUSTOMERS TO INVEST A TOTAL OF $470,000 IN THE COMPANY. YORK WAS PAID A 5 PERCENT REFERRAL FEE, APPROXIMATELY $14,250, FOR TWO OF THE CUSTOMERS' INVESTMENTS AND EXPECTED TO, BUT DID NOT, RECEIVE A 5 PERCENT REFERRAL FEE FOR THE OTHER TWO CUSTOMERS' INVESTMENTS. THE FINDINGS ALSO STATED THAT YORK ENGAGED IN AN OUTSIDE BUSINESS ACTIVITY, AS THE OWNER OF THE BUSINESS AND ITS SOLE EMPLOYEE, WITHOUT PROVIDING PRIOR WRITTEN NOTICE TO HIS EMPLOYER FIRMS.

Acceptance, Waiver & Consent(AWC)

Bar (Permanent)

All Capacities

9/18/2014

ALABAMA SECURITIES COMMISSION

ON FEBRUARY 13, 2014, THE COMMISSION ISSUED A CEASE AND DESIST ORDER TO RESPONDENT FOR THE OFFER AND SALE OF AN UNREGISTERED SECURITY IN ALABAMA. RESPONDENT OFFERED AN ALABAMA RESIDENT AN INVESTMENT IN A REAL ESTATE INVESTMENT TRUST (REIT) NAMED "MULTI-FAMILY REAL RETURN IV", PURPORTEDLY ISSUED BY COLE CAPITAL CORPORATION (COLE). THE SECURITY WAS NOT REGISTERED IN ALABAMA AND WAS SOLD UNDER S SCHEME TO DEFRAUD THE INVESTOR. RESPONDENT RECEIVED INVESTOR FUNDS FROM INVESTOR BUT THERE IS NO EVIDENCE THE FUNDS WERE EVER INVESTED IN A REIT OR ANY OTHER INVESTMENT. THE COMMISSION ISSUED A NOTICE TO RESPONDENT GIVING RESPONDENT 28 DAYS FROM DATE OF RECEIPT OF THE ORDER TO RESPOND OR PERFECT A RIGHT TO A HEARING. CONTACT S/A ROBERT SHARP FOR ADDITIONAL INFORMATION.

Order

Cease and Desist