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New Mexico Utility Shareholders Alliance
LAS CRUCES, N. M. – Dain Leslie Schult of Austin, Texas, and Joel McKay
Hixon of Las Cruces, New Mexico, have been indicted for defrauding New
Mexico investors in a pyramid scheme that promised to use investors’
money to promote “mom and pop” radio stations.
SANTA FE, N.M. – The New Mexico Regulation and Licensing Department’s,
Securities Division has reached a settlement with LPL Financial in connection
with an investigation of LPL’s failure to implement an adequate supervisory
system regarding its sale of non-traded Real Estate Investment Trusts (REITS)
and its failure to enforce its written procedures regarding the sale of non-traded