State v. Puckett

Rees, J.:

Concurring.

The twenty-one convictions before us are for the sale of an unregistered security (K.S.A. 17-1255), failing to register as a broker-dealer or agent (K.S.A. 1980 Supp. 17-1254[a]), and an unlawful act in connection with the sale of a security (K.S.A. 1980 Supp. 17-1253[a]), arising out of each of seven sales. The K.S.A. 1980 Supp. 17-1253(a) convictions, the “fraud” convictions, are the real subject of this appeal.

When the sales were made, Puckett was obligated to effect an assignment of a carried interest of 25% of the “working interest” and an identical interest was to be…