Capital General Corp. v. Department of Business Regulation

OPINION

JACKSON, Judge:

Capital General Corporation (CGC) appeals the trial court’s order which affirmed suspension of all secondary stock trading exemptions of forty-six corporate entities formed by CGC1 without registration pursuant to the Utah Uniform Securities Act, Utah Code Ann. § 61-1-1 to -30 (1986), and imposed sanctions under Rule 11 of the Utah Rules of Civil Procedure. We affirm.

ISSUES

CGC’s brief acknowledges that our decision in Capital Gen. Corp. v. Dep’t of Business Regulation, 777 P.2d 494 (Utah App.), cert. denied, 781 P.2d 878 (Utah 1989) (hereinafter Amenity), regarding the…