“Substantial development”: State issues cease and desist to Jack’s Donuts CEO

“Substantial development”: State issues cease and desist to Jack’s Donuts CEO

HENRY COUNTY The Indiana Secretary of States Securities Commissioner has issued a cease and desist order to the CEO of Jacks Donuts, aimed at preventing him from offering and selling securities to investors.Financial securities typically refer to an investment such as a stock, bond or note.A financial security is an instrument that provides investors claims on future cash flows, Steven Sibley, an associate chair of finance graduate programs at t…