Tuesday, September 2 2014 12:29 AM EDT2014-09-02 04:29:46 GMT
McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize...More >>
McDonald's, Wendy's and other fast-food restaurants are expected to be targeted with acts of civil disobedience that could lead to arrests Thursday as labor organizers escalate their campaign to unionize the...More >>
Tuesday, September 2 2014 12:25 AM EDT2014-09-02 04:25:16 GMT
It's a crime that continues to generate anger and disbelief in Montgomery and beyond- the destruction of the home of Civil Rights icon Rosa Parks. The case took center stage this Labor Day at an annualMore >>
The community is uniting to help catch the criminals who desecrated a piece of Montgomery history. The vandalism of Rosa Parks' home angered many across the city and hundreds have donated in an effort to help find those responsible. Crimestoppers is hoping a bigger reward will crack the case.More >>
The Alabama Securities Commission says an Evergreen woman has been arrested and charged with violations of the Alabama Securities Act.
Joseph Borg, Director of the ASC announced the arrest of Carey Stinson Salter on October 20. Her arrest stems from an indictment handed down by the October 2013 session of the Conecuh County Grand Jury, charging her with one count each of Sale of Unregistered Securities and Sale of Securities by an Unregistered Agent.
Additionally, Salter was charged with one count of Fraud in Connection with the Sale of Securities, more specifically described as Misrepresentation; and one count of Theft of Property, 1st Degree.
The unregistered securities charges are Class C Felonies, punishable by a maximum sentence of 10 years imprisonment and up to a $15,000 fine for each count. The latter charges are Class B felonies, punishable by a maximum of 20 years imprisonment and up to a $30,000 fine for each count. Salter is currently free on bond, awaiting a trial date.
An ASC Enforcement Division investigation revealed that Salter, doing business as CSS Investments, headquartered in Conecuh County, allegedly entered into an investment opportunity with an Alabama investor. Salter also allegedly solicited money from the investor for their participation in a real estate investment scheme that involved the offer and/or sale of unregistered securities and unsecured promissory notes. ASC records indicated that neither Salter nor her company was registered with the ASC to conduct securities business in Alabama, as required by the Alabama Securities Act.
The ASC cautions potential investors to thoroughly scrutinize and research any investment opportunity or offer. Contact the ASC with inquiries concerning securities broker-dealers, agents, investment advisers, investment adviser representatives, financial planners, registration status of securities or debt management programs, to report suspected fraud or to obtain consumer information.
The ASC provides free investor education and fraud prevention materials in print, on its website and through educational presentations upon request.
INFORMATION SOURCE: The Alabama Securities Commission;
12 East Delano Avenue
Montgomery, AL 36105