A Colorado judge sentenced Her Majesty's Credit Union President/CEO Stanley B. Roberson for not complying with a subpoena by Colorado officials investigating the credit union's sales of certain securities.
Colorado Securities Commissioner Fred Joseph subpoenaed documents as part of his department's investigation into whether the credit union is offering only uninsured deposits or if it is offering and selling unregistered securities.
"He either ignored our requests or sent us copies of his web site,'' Joseph told Credit Union Times. "We are concerned that it's not a legitimate credit union."
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