Wichita Kansas Securities Commissioner Aaron Jack has ordered a Dodge City firm to stop selling its unregistered securities and stop using unregistered agents to make the sales.
The Office of Kansas Securities Commissioner said Wednesday that Investments New Horizons began selling in February investment agreements promising a 10 percent per month rate of return and a return of all principal at the end of the term.
No one answered the phone at the firm when called Wednesday for comment.
The state said the investment agreements sold by the company were not registered and none of its officers were registered to make the sales. The officers were Vidal Zuniga, Juan Vargss, Zulma Aguirre-Ortiz and Cecilia Mendoza-Castro.
The state warned investors to be cautious of offers that appear too good to be true.