(KAIR)---A cease and desist order has been issued against an Atchison based business firm by the Kansas Securities Commission.
According to a press release from Securities Commissoner Josh Ney, Robert Beene and Sidelight Entertainment Group, Inc., has allegedly committed multiple violations of the Kansas Uniform Securities Act.
According to Ney, Sidelight is a private, for-profit corporation that has been previously registered or known by other names, including Global Warrior Challenge and Pickerswarehouse, Inc.
The Cease and desist order alleges that Beene, and his company, violated the act by offering and selling unregistered securities and committing securities fraud by omitting certain material facts.
Included among the unregistered securities were Pay-Per-View Buy-In “points" for the Global Warrior Challenge held at Kansas City's Sprint Center on June 29th. Described as a group of mixed martial arts, including matches between the United States and the United Kingdom, points were sold to the public for $5,000 each. At least one Kansas investor made a purchase.
It's alleged that Beene, at the time of the purchase, failed to disclose what the order identifies only as a material fact which violated the Kansas Uniform Securities Act.
Beene and Sidelight Entertainment have the right to request a hearing within 30 days.
© Many Signals Communications
MOST VIEWED STORIES
Effingham woman killed Friday in Atchison wreck
Three former Atchison Co employees arrested on felonies
One hospitalized, one jailed, after Atchison attack
Atchison man involved in fatal NW MO crash
Rural Horton man arrested on multiple drug charges
Street lights to be discussed at Monday city meeting
Services set for Effingham woman killed in crash
Meteorologist Spencer: Geometric Watch means electronic disruptions
Two file to challenge local legislator
Barricaded fugitive arrested in Jackson County
USD 430 Board accepts resignations, approves new hires
U.S. 36 work in Doniphan Co to impact motorists
Fatal Atchison apt fire investigation continues
Truck fire at CGB facility in Falls City
Results from SE Nebraska contested Primary Elections
Flags to fly half staff Wednesday across KS
BC's Pate remembered by students, college family
LATEST STORIES
Memorial Day enforcement hits KS roads
Plastic ducks set to race in Atchison Saturday
Record number of grads for Atchison's BC
Candidate files for Nemaha Co Treasurer
Three former Atchison Co employees arrested on felonies
Barricaded fugitive arrested in Jackson County
Wed signing means full funding for KS education
MHMA Mock Trial Team sees natl success