The allegations read: The division alleged respondent misrepresented and omitted material facts in violation of section 61-1-1(2)of the utah uniform securities act (act), engaged in fraudulent practices in violation of section 61-1-1(3) of the act, unlawfully shared advisory compensation in violation of section 61-1-2 of the act and engaged in dishonest or unethical practices warranting sanctions under section 61-1-6 of the act.
