State v. Maxwell

OPINION

ZAMORA, Judge.

{1} Appellee’s motion for rehearing is granted. The opinion filed in this case on June 20, 2016, is withdrawn and this Opinion is substituted in its place.

{2} In this consolidated appeal, Defendants Michael and Steven Maxwell were convicted of four counts each of fraud, contrary to NMSA 1978, Section 30-16-6 (2006); three counts each of securities fraud, contrary to NMSA 1978, Section 58-13B-30 (1986) (repealed 2009); and three counts each of transacting business as a broker-dealer without a license, contrary to NMSA 1978, Section 58-13B-3 (1986) (repealed 2009), under…