Timothy Lilly, David Puckett, Joe Richards, and First Fidelity Financial Group of Maumelle, LLC

5/26/2008

Arkansas Securities Commissioner A. Heath Abshure issued a cease and disist order ordering Timothy Lilly, David Puckett, Joe Richards, and First Fidelity Financial Group of Maumelle, LLC to stop making offers to sell bank-issued certificates of deposit (CDs) touting a higher than actual annual percentage yield. This cease and desist order is part of the Senior Fraud Initiative that Commissioner Abshure announced in January.

 

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