To: Investors with Retirement Value, LLC
From: The Enforcement Division of the Texas State Securities Board
Date: May 12, 2010
On March 29, 2010, the Securities Commissioner of Texas issued Emergency Cease and Desist Order ENF-10-CDO-1686 against Retirement Value, LLC, Bruce Collins, and Richard "Dick" Gray. The Emergency Cease and Desist Order was an action that alleged that the named parties were violating the state securities laws and, more specifically, engaging in securities fraud. The respondents were directed to cease and desist from selling securities until they could comply with state law.
On May 5, 2010, the State of Texas, at the request of the Deputy Securities Commissioner, filed a lawsuit against Retirement Value, LLC, Bruce Collins and Dick H. Gray. The named defendants stand accused of engaging in securities fraud and committing other violations of The Securities Act and the Deceptive Trade Practices Act. The 126th Judicial District Court of Travis County, Texas, ordered the issuance of a Temporary Restraining Order and appointed a Temporary Receiver over Retirement Value, LLC. The hearing on the State's application for temporary injunction and appointment of receiver will be held on June 2, 2010.
If you purchased an investment from Retirement Value, LLC, it is important that you complete an investor questionnaire and return it to the Enforcement Division of the Texas State Securities Board along with copies of any and all relevant records. The information that you provide in this questionnaire will be treated as confidential pursuant to the provisions of The Securities Act.
Please feel free to contact the Enforcement Division to discuss this or any related matter. If you are unable to access any of the above referenced documents, please contact the Enforcement Division and a copy will be forwarded to you by mail. You can reach the Enforcement Division by electronic mail at firstname.lastname@example.org or by telephone at 512-305-8392.