Administrative Decisions — L

Respondents OAH Decision Decision's Effective Date Law Description
Laffon,Ty Earl
a.k.a. Laffoon, Jr., Earl Howard
2013061033 1/5/14 California Residential Mortgage Lending Act Order to deny Respondent’s application for a mortgage loan originator license, pursuant to Financial Code Section 50141 (conviction of a felony involving an act of fraud, dishonestly, a breach of trust, or money laundering)
Landeros,Valriano L2004060356 09/08/04 Escrow Law Order to bar from any position of employment, management or control of any escrow agent pursuant to California Financial Code section 17423 of the Escrow Law.
Latitude Capital Management, aka LCM High Income Fund, LLC, aka LCM Strategic Income Fund, LLC 2008050496 12/12/08 California Finance Lenders Law and Corporate Securities Law of 1968

Order to revoke Finance lender and broker Licenses and to bar from any position of employment, management or control of any Finance lender, pursuant to California Financial Code sections 22101, 22108, 22169, and 22714 and Title 10 of the California Code of Regulations, sections 1409 and 1422.

Order to bar from any position of employment, management or control of any investment adviser, broker-dealer or commodity adviser pursuant to Corporations Code sections 25232, 25232.1, 25245, and 25401. See other actions
Lee, Daniel 2009061346 11/19/09 Corporate Securities Law of 1968 Order to desist and refrain from violating Corporations Code sections 25110 (offer or sale of unqualified securities), 25532 (unlicensed BD/IA activity), and 25401 (omission and misrepresentation of material facts in connection with the offer or sale of securities).
Lee, Myong Bok aka Lee, Jason 2012090719 03/03/2014 Franchise Investment Law Order to desist and refrain from filing registration applications that result in willful omissions of material fact; the further offer or sale of any and all franchises in the State of California without first providing prospective franchisees with a disclosure document and a franchise agreement, or by means of oral or written statements containing misrepresentations of omissions of material fact, or ones that are not registered under the Franchise Investment Law or are otherwise not exempt from registration, in violation of Corporations Code Sections 31200 (willful and untrue statement of material fact in an application, notice or report filed with the commissioner), 31123 (failure to notify the commissioner in writing of any material change in the information contained in an application), 31119 (offer or sale of franchise without first providing to the prospective franchisee, at least 14 days prior to the execution of any binding franchise or other agreement, a copy of the offering circular and all proposed agreements), 31201(offer or sale of franchise by means of written or oral communications not enumerated in Section 31200, which includes an untrue statement of a material fact or omits to state a material fact), and 31110(offer or sale of franchise when the franchise has not been registered under this part).
Lee, Robyn 2013120577 1/5/15 Corporations Code, California Code of Regulations Order to Desist and Refrain from the further offer or sale of any securities in the State of California, including but not limited to tenancy in common interests, for violations of Section 25110 (unlawful for any person to offer or sell any security in an issuer transaction unless such sale has been qualified or unless the transaction is exempt) of the Corporations Code.
Leon, Rick Andrew L2004080137 11/03/04 Corporate Securities Law of 1968 Order to desist and refrain from offering and selling unqualified securities, and acting as broker-dealers without possessing a certificate from the Commissioner, pursuant to Corporations Code section 25532 of the Corporate Securities Law of 1968. See also Order Staying Desist & Refrain Order Pending Appeal
Levy, Gregory D. L2002060099 01/30/03 California Securities Law of 1968 Order to desist and refrain from the further offer or sale of securities in the form of common stock unless and until qualification has been made pursuant to California Corporate Code section 25110 of the Corporate Securities Law of 1968.
Lifestyle Resorts, Inc. L2007050142 04/08/08 Corporate Securities Law of 1968 Order to desist and refrain from offering and selling unqualified securities pursuant to the Corporations Code section 25110 of the Corporate Securities Law of 1968.
Loan Funding Corporation of America L2003120508 11/24/04 California Residential Mortgage Lending Act Order to revoke CRMLA License for failing to submit a timely withdrawal plan and for failing to pay its annual assessment pursuant to Financial Code sections 50401 and 50123 of the California Residential Mortgage Lending Act.
Lotfadbadi, Hadi B. L2003040038 10/01/03 Corporate Securities Law of 1968 Order to desist and refrain from acting as an investment adviser without possessing a certificate from the California Corporate Commissioner pursuant to the Corporations Code section 25532 of the Corporate Securities Law of 1968.
Lopez, Diana 2013110620 1/6/16 Escrow Law Order to desist and refrain from actinOrder to suspend Diana Lopez from any employment, management, or control of any escrow agent for 12 months.
Loop, Todd Lee 2014120310 9/23/15 California Residential Mortgage Lending Law Order to deny application for mortgage loan originator license pursuant to Financial Code section 50141.
Loxley & Star L2006080165 03/30/07 California Deferred Deposit TransactioinLaw Order to revoke the License of Loxley & Star, Inc. and to deny two License applications for numerous violations of the California Deferred Deposit Transaction Law, including making false statements in its applications in violation of Financial Code section 23011 and engaging in unlicensed business in violation of Financial Code sections 23005 and 23020.