July 21, 1998 |
Midas Investment Group Inc., doing business as Biltmore Securities, has agreed to surrender its broker-dealer license in California, Commissioner of Corporations Dale Bonner said. "We were seeking a revocation of the company's broker-dealer license and a bar of the principals based on a pattern of sales practice abuses in the microcap market," Bonner said. His announcement came as a hearing was scheduled to begin Monday. Fort Lauderdale, Fla.