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David N. Kirkman
Task Force Alert Chair
Asst Attorney General
Consumer Protection
NC Department of
Justice
P.O. Box 629
Raleigh, NC 27602
919-716-6000

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North Carolina Division of Aging and Adult Services
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TO NCSCF TASK FORCE MEMBERS

******Alert #261******

Task Force member John Maron of the NC Secretary of State’s Securities Division shares the following announcement concerning an action taken by that agency:

Elaine F. Marshall
Secretary of State

February 14, 2011

For Immediate Release
Contact: Liz Proctor (919) 807-2154
               George Jeter (919) 807-2155

Union County Company Ordered to Cease Selling Investments

RALEIGH, NC – The North Carolina Secretary of State Division of Securities has ordered a Monroe company and its directors to stop selling financial securities.

The Securities Division issued a cease and desist order against PMC Strategy, LLC on Thursday, February 10. The order alleges that PMC Strategy and its directors and agents offered investments to North Carolina investors beginning in July 2008 despite not being registered with the state to sell securities. PMC and its agents allegedly represented to investors that their money would be invested in the foreign currency market. Investigators allege some investors were told they could earn five percent interest monthly if they invested at least $10,000.

Secretary of State Elaine F. Marshall noted that it is in the public interest to issue a cease and desist order at this time.

“We believe there is strong reason to take this action to protect North Carolina investors while we continue an investigation to determine if further enforcement action is necessary in this case.” Secretary Marshall continued, “I urge anyone who has a complaint about any investment with this company to contact the Secretary of State’s Securities Division.”

Anyone with concerns about having made investments with PMC Strategies, LLC in Monroe is urged to contact the North Carolina Secretary of State Division of Securities at 1-800-688-4507.

******End of Alert******

David N. Kirkman
Assistant Attorney General
Task Force Alerts Chair
Consumer Protection Division
Office of Attorney General Roy Cooper
9001 Mail Processing Center
Raleigh, NC 27699-9001
Tel. 919-716-6000

 

 

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