Santacroce v. State, Department of Banking & Finance, Division of Securities & Investor Protection

POLEN, Judge.

On December 29,1989, the State of Florida Department of Banking and Finance, Division of Securities and Investor Protection [hereinafter the Department], filed an administrative complaint against Allied Capital Group, Inc. [hereinafter Allied], along with twenty-eight individuals who either operated or were employed by Allied. In pertinent part, the complaint alleged that appellant had received commissions on securities transactions before being properly registered with the state to conduct such transactions.

Appellant, then represented by counsel, filed a petition for informal…