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DESIST AND REFRAIN ORDER
State of California - Department of Corporations
STATE OF CALIFORNIA
BUSINESS, TRANSPORTATION AND HOUSING AGENCY
DEPARTMENT OF CORPORATIONS
TO: Jeff Lowrance
Mentor Investing Group, Inc.
www.mentorinvestinginc.com
501 W. Broadway
Plaza “A” - #403
San Diego, CA 92101
DESIST AND REFRAIN ORDER
(For violations of section 29520 of the Corporations Code)
The California Corporations Commissioner finds that:
1. At all relevant times, Mentor Investing Group, Inc. (“Mentor Investing”) conducted
business at 501 W. Broadway, Plaza “A” - #403, San Diego, CA 92101. Jeff Lowrance
(“Lowrance”) was a purported principal of Mentor Investing.
2. Beginning in at least March 2006, and continuing thereafter, Mentor Investing and Lowrance, through its Internet site www.mentorinvestinginc.com, sold or purchased, or offered to sell or purchase commodities under commodities contracts, or offered to enter into, or entered into, as sellers or purchasers any commodity contracts in the state of California.
3. The commodity contracts Mentor Investing, Lowrance and www.mentorinvestinginc.com offered and sold, or offered to enter into or entered into as sellers or purchasers on behalf of investors, were primarily for speculative and investment purposes, in that, the contracts were purchased, sold, and entered into based on quoted price changes and fluctuations in particular currencies, rather than as a means of acquiring the physical commodities.
4. The foreign currencies purchased or sold, or offered to be purchased or sold under commodity contracts were commodities within the meaning of section 29504 of the California Commodity Law of 1990.
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DESIST AND REFRAIN ORDER
State of California - Department of Corporations
Based upon the foregoing findings, the California Corporations Commissioner is of the
opinion that Mentor Investing, Lowrance and www.mentorinvestinginc.com purchased, or offered to sell or purchase commodities under commodities contracts, or offered to enter into, or entered into, as sellers or purchasers any commodity contracts.
Pursuant to Section 29542 of the California Commodity Law of 1990, Mentor Investing
Group Inc., Jeff Lowrance and www.mentorinvestinginc.com are hereby ordered to desist and refrain from the further offer or sale of commodities, including but not limited to foreign currency contracts, or from the further offer to enter into, or from entering into, as sellers or purchasers, any commodity contracts, in the state of California, unless and until such activity is not in violation of Corporations
Code section 29520 of said law.
This Order is necessary, in the public interest, for the protection of investors and consistent
with the purposes, policies, and provisions of the California Commodity Law of 1990.
Dated: September 13, 2006
Los Angeles, California
PRESTON DuFAUCHARD
California Corporations Commissioner
By ____________________________
ALAN S. WEINGER
Supervising Attorney
Enforcement Division
Dear, Jeff Lowrance. You are a liar.
15 years ago
4 comments:
This desist order is from years ago before Jeff moved him and his headquarters and is completely irrelevent to any current doings.
As you know, Jeff is very smart and clearly understands legal ramifications for all his actions. With that said, he owns his own legal firm, which means he owns some of the most powerful lawyers in the international community that know how to structure arrangements for the best interest of his company and believe it or not, his clients.
Jeff has gone through great measure to provide legal protection for us, so I think we need to let up on the scare tactics.
Okay, whoever you are (the one who set up this blog) it is obvious that you are one of the affected clients and you are concerned like all of us. You probably don't want to identify yourself because of your fear that it will all come back to hurt you if Jeff finds a problem with it. That is fine and understandable. Personally I like to know who I am communicating with.
Maybe a blog is a good idea but I do not see how it is going to help us.
By posting the Cease and Desist orders against Mentor Investing and Jeff L. in California I see a problem and it is a waste of time. It just takes up space. Most of us that did our due diligence knew that this was the case and Jeff had to go off-shore to make his program work. Jeff was never fined or arrested or anything. He moved shop to make the program work and it did. He obliged California law and left.
I suggest you remove this useless old information. It is not helpful and if you want negative information on the internet and it gets to Jeff, it may just make him more upset and lessen our chances of recovering our funds. So again, I suggest you delete it.
Let's try to be productive and move forward! Let's provide helpful information that will lessen the stress everyone is feeling, not move backwards and show negativity.
I would rather offer my personal help and services and time to Jeff to get him back on track. I would rather befriend him and motivate him.
I am optimistic and am hoping Jeff will get his act together and show us his plan to move forward or to return our funds in a timely fashion.
I check on this blog every week or so, have not written in yet, but am compelled to do so now. please take this down, whoever put this up. this is harrassment, and is not doing anyone any good. We all saw this ages ago and it is irrelevant to anything that is happening now. From what i understand jeff is working weekends with the new sales team in Panama and trying hard to make FCSL viable for all of our sakes. I am just as desperate as anyone, but this is not doing any good. He will send an update soon, so try to
be patient, and whoever runs this blog, please take this legal doc down asap.
thanks,
Kim Bullard
Kim Bullard,
What makes you so sure he will send an update real soon?
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