State Suspends Stockbroker Licenses For Delinquent Child Support Payments

 
 
Indiana Secretary of State Connie Lawson has suspended the licenses of two northwest Indiana stockbrokers for delinquent child support payments in Lake and Porter Counties. Kenneth McCabe and Jeffrey Everaert are no longer licensed in Indiana to sell securities. They are the first securities professionals to have their licenses suspended for delinquent child support since the law enacting the procedure took effect in 2012. Lawson says in a statement she hopes the loss of their livelihood will give them the motivation to start making child support payments.

State Orders Car Dealership to Refund Fees Deemed Excessive

Auto Park LogoChecks will soon be in the mail for customers who purchased cars from a Marshall County dealership between Nov. 1, 2010 and Nov. 1, 2012. Auto Park of Plymouth has reached a settlement with the state over excessive paperwork charges during that two year period. State officials say the dealership was charging customers exorbitant documentation preparation fees. The settlement follows a joint investigation by the attorney general’s office and secretary of state’s office prompted by a customer questioning the charge, called a doc fee. Investigators looked into the costs and found them to be excessive on about 38,000 transactions. Indiana law requires doc fees to be disclosed, negotiated, reflective of actual expenses and noted on the purchase agreement. Customers who were charged a document preparation fee of $228 will each receive a refund of $34 from Auto Park. The dealership will send checks directly to eligible customers.