Wisconsin releases enforcement actions for November

The Wisconsin Office of the Commissioner of Insurance recently released a list of administrative actions for November.

The actions are issued by OCI when licensing applicants, or licensed individuals or companies have violated Wisconsin insurance statutes or regulations. In some cases, the individual or company denied the stated allegations but consented to the action taken.

Any forfeitures paid are deposited in Wisconsin’s Common School Fund administered by the Board of Commissioners of Public Lands. Earnings from the Fund are distributed to all public K-12 schools in the state and are used by school libraries to purchase materials such as books, newspapers, and computers.

Allegations and Actions Against Agents

Rolando M. Campos, 5020 W Thunderbird Rd., Apt. 281, Glendale, AZ 85306, had his insurance license revoked. This action was taken based on allegations of failing to timely pay an ordered forfeiture.

Luka Erceg, PO Box 5010, PMB 160, Rancho Santa Fe, CA 92067, agreed to the issuance of a conditional insurance license having certain reporting requirements. This action was taken based on allegations of having a pending FINRA action containing charges of fraud and misrepresentation in the sales of securities.

Robert A. Freda, 200 Baldwin Rd., Apt. B28, Parsippany, NJ 07054, had his insurance license summarily suspended. This action was taken based on allegations of recommending an unsuitable insurance product and making misrepresentations in the sale of an insurance product.

Robert A. Freda, 200 Baldwin Rd., Apt. B28, Parsippany, NJ 07054, had his insurance license revoked and was ordered to pay a forfeiture of $5,000.00. These actions were taken based on allegations of recommending an unsuitable insurance product and making misrepresentations in the sale of an insurance product.

Morgan D. Hill, 402 Creekstone Ridge, Woodstock, GA 30188, agreed to notify OCI in writing within ten business days of final arbitration rulings in pending FINRA cases and agreed to voluntarily surrender his Wisconsin authority upon notification of findings of fraudulent or misleading business activities related to the sales of securities. These actions were taken based on allegations of investment product misrepresentation and the sales of unsuitable investments.

Amy J. Lichter, 2820 14th Ln., Kenosha, WI 53140, had her application for an insurance license denied. This action was taken based on allegations of having criminal convictions that may be substantially related to insurance marketing type conduct.

Merril McKnight, 201 Short St., Kingstree, SC 29556, had his insurance license revoked. This action was taken based on allegations of failing to timely pay an ordered forfeiture.

Joseph U. Ojukwu, 20110 Broad Run Ln., Richmond, TX 77407, had his application for an insurance license denied. This action was taken based on allegations of having a criminal conviction that may be substantially related to insurance marketing type conduct and failing to provide a federal crime waiver.

Lauren E. Sutley, 103 Southern Oaks Dr., Opp, AL 36467, had her insurance license revoked. This action was taken based on allegations of failing to pay a required fee.

Brian A. Wondrash, 1162 Brookwood Dr., Apt. 118, Green Bay, WI 54304, had his application for an insurance license denied. This action was taken based on allegations of owing delinquent child support and having administrative actions taken by the states of Wisconsin, Illinois, and Idaho.

Martin S. Yousif, 4343 Rhineland Dr., Sterling Heights, MI 48314, had his insurance license revoked. This action was taken based on allegations of failing to pay a required fee.

Allegations and Actions Against Companies

CFD Investments, Inc., 2704 S Goyer Rd., Kokomo, IN 46902, had its application for an insurance license denied. This action was taken based on allegations of having administrative actions taken by the states of Oklahoma and Ohio and FINRA, and providing false information on a licensing application.

Sanctuary Securities, Inc., 209 S LaSalle St., Ste. 970, Chicago, IL 60604, agreed to the issuance of a non-resident intermediary firm insurance license having certain reporting requirements. This action was taken based on allegations of having administrative and regulatory actions taken by other states and regulatory authorities against its corporate predecessor, David A. Noyes Co.

Allegations and Actions Against Other Entities

Oneshare Health, LLC, 2452 Seminole Trl., Madison, VA 22727, agreed to pay a forfeiture of $5,000.00 and agreed to cease business operations in Wisconsin. These actions were taken based on allegations of conducting insurance business in Wisconsin without a certificate of authority.