Madden v. U.S. Associates

Judith Rogers, Judge.

In its regulatory capacity, the appellant, the Arkansas Securities Department (hereinafter “Department”), revoked the registration of U.S. Associates, Inc., and the licenses of appellees Rondell Eugene Loftin, Ronald Floyd Davis and Gary Ellis Johnson. The circuit court, upon review, reversed the Department’s decision based on the determination that appellees had not been afforded a fair hearing before the agency’s tribunal as evidenced by an ex parte discussion that took place between the agency’s hearing officer and department representatives. On appeal, the department…