NC Department of the Secretary of State Securities Division Issues Temporary Cease & Desist Order Against Profitable Sunrise and Its Executives

On February 27, 2013, the Securities Division of the North Carolina Department of the Secretary of State issued a Temporary Order to Cease and Desist to Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise. Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise were ordered to cease and desist from offering for sale, soliciting offers to purchase or selling, in or from North Carolina, any securities unless and until such securities have been registered and Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise become registered as dealers or salesmen of securities. The Temporary Order to Cease and Desist found that Roman Novak, Radoslav Novak, and Inter Reef LTD d/b/a Profitable Sunrise offered investment contracts in the form of investment plans, made available through their website http://www.profitablesunrise.com, in violation of the North Carolina Securities Act. The Temporary Order to Cease and Desist gives Respondents 30 days in which to request a hearing. If no such request is made during that time, the Temporary Order to Cease and Desist shall become final. To read the Temporary Order, go to http://www.secretary.state.nc.us/sec/actions.aspx.

More information will follow as it becomes available.

John Maron
Director, Investor Education Program
NC Department of the Secretary of State
Securities Division
PO Box 29622
Raleigh, NC 27626-0622

Please visit our website at www.sosnc.com or www.sos.nc.gov. Remember: One five-minute phone call to our office may prevent your entire life's savings from being stolen from you.

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Date: March 4, 2013

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