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Secretary of State Orders Unlicensed Agents to Stop Sale of Unregistered Securities
Securities Division issues cease and desist order to Nevada company
Posted Date: 10/10/2011

For Immediate Release
Contact: Bob Walsh, Deputy Secretary for So. Nevada
(702) 486-2450
rwalsh@sos.nv.gov

(Carson City, NV; October 10, 2011) – Nevada Secretary of State Ross Miller’s Securities Division is ordering a Nevada company and a real estate agent to stop selling or offering to sell unregistered securities until its representatives are legally licensed and registered with the State of Nevada. The Securities Division has issued a cease and desist order to Corporate Associates, Inc. (CAI) and the representatives listed on its website, Paulette M. Goetz and Jim Chase, as well as Anita Hernandez of Realty One Group.

CAI’s website offers potential investors the opportunity to participate in “High-Yield Joint Venture Contracts” that purportedly do not pose a risk to investment capital and allegedly provide for the purchase and sale of “Euro Medium Term Notes,” which are described on the website as “Bank Debenture Investments, mostly ten year term notes issued by major banks to secure debt by corporations for expansion capital on a first year basis.”

CAI’s offering is not registered as a security in the State of Nevada, CAI is not a licensed broker/dealer or investment adviser, and neither of CAI’s listed representatives is licensed as a securities sales representative.

Realty One Group agent Anita Hernandez’s website contains a link to CAI’s website, but she is not licensed to sell securities in the state of Nevada.

“Anyone who has made an investment with Ms. Goetz, Mr. Chase or their company should contact my office immediately,” said Secretary Miller. “The Securities Division is constantly on the lookout for unregistered securities and unlicensed agents to protect investors from misleading offerings and potentially fraudulent schemes.”

Anyone who has made investments with Corporate Associates, Inc. is asked to contact the Secretary of State’s Securities Division at 1-800-758-6440.

CAI, Goetz, Chase and Hernandez have 45 days upon receiving the cease and desist order to request a hearing on the matters set forth in the order. If the parties fail to request a hearing, the administrator will issue a permanent order.

The issuance of the cease and desist order is part of an ongoing effort to address abuses of the Nevada’s securities statutes and regulations. As a former criminal prosecutor, Miller makes it a top priority to combat financial fraud.

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