New Bill Requires Cease, Desist Orders Be Made Public

A new bill introduced after an alleged multi-million dollar Ponzi scheme in Anderson County would require that all cease and desist orders be made public, according to a story by the Associated Press.

Anderson Sen. Kevin Bryant says investors of Ron Wilson and his company, Atlantic Bullion & Coin, should have known the business had been ordered to stop selling securities in 1996. Under current law, such orders are not required to be made public. 

According to a story by Fox Carolina, Secret Service agents raided Wilson's office last week, looking for computers, files and silver. A complaint by the South Carolina attorney general's office says investors were told their money was being used to buy silver, but little was purchased for them.