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San Clemente Securities Inc

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BUSINESS
July 22, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
An Orange County investment firm, already in regulatory hot water in nine states, now faces a fraud complaint filed Friday by the National Assn. of Securities Dealers. The brokerage industry's self-regulatory group accused San Clemente Securities Inc., co-owners Cooke Christopher and Thomas Sunderland, and seven sales executives of misleading investors about the fees, returns and safety of certificates of deposit the firm sold.
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BUSINESS
July 22, 2000 | EDMUND SANDERS, TIMES STAFF WRITER
An Orange County investment firm, already in regulatory hot water in nine states, now faces a fraud complaint filed Friday by the National Assn. of Securities Dealers. The brokerage industry's self-regulatory group accused San Clemente Securities Inc., co-owners Cooke Christopher and Thomas Sunderland, and seven sales executives of misleading investors about the fees, returns and safety of certificates of deposit the firm sold.
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BUSINESS
February 22, 2001
Defunct Orange County investment firm San Clemente Securities Inc., under investigation for allegedly misleading investors about commission fees, returns on investments and safety of certificates of deposit the firm sold, is taking steps to liquidate. The company last week filed for bankruptcy protection under Chapter 7 in U.S. Bankruptcy Court in Santa Ana. It listed assets of $407,500 and liabilities of $3.3 million.
BUSINESS
February 22, 2001 | MARC BALLON, TIMES STAFF WRITER
A defunct Orange County investment firm, under investigation for allegedly misleading investors about commission fees, investment returns and the safety of certificates of deposit the firm sold, is taking steps to liquidate. San Clemente Securities Inc. filed for bankruptcy under Chapter 7, a move that calls for liquidating the business. The petition, filed last week in U.S. Bankruptcy Court in Santa Ana, listed assets of $407,500 and liabilities of $3.3 million.
BUSINESS
February 21, 2001
These companies and/or individuals recently filed for liquidation (Chapter 7) or reorganization (Chapter 11 or 13) in federal Bankruptcy Court in Santa Ana. Petitioner: Pamela S. Fagen Location: Newport Beach Listed business affiliation: d.b.a. RD Enterprises Type of business: Dietician/consultant Filing: Chapter 7 Assets: $76,800 Liabilities: $100,603 Case number: 11051 JR Petition signed by: Pamela S. Fagen Date filed: Feb. 12 Petitioner: Perri L.
BUSINESS
January 5, 2001 | LIZ PULLIAM WESTON
All they wanted was a higher rate of interest on their savings. Instead, some investors--many of them elderly--may have inadvertently locked their money up for decades by buying what are known as "callable" certificates of deposit. There's a rising chorus of complaints about these investments, which are a risky twist on traditional bank certificates of deposit.
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