Anthony Weber and Jerrold Rothous
v.
Iowa Insurance Division
Appellant
Anthony Weber and Jerrold Rothous
Appellee
Iowa Insurance Division
Attorney for the Appellant
Alexander E. Wonio
Attorney for the Appellee
Jordan G. Esbrook, Assistant Attorney General
Court of Appeals
Court of Appeals Opinion
Opinion Number:
Date Published:
Summary
Appeal from the Iowa District Court for Polk County, Jeanie Vaudt, Judge. AFFIRMED. Heard by Bower, C.J., and Schumacher and Ahlers, JJ. Opinion by Ahlers, J. (13 pages)
The Iowa Insurance Division (Division) issued a decision finding Anthony Weber and Jerrold Rothouse engaged in the sale of unregistered securities in Iowa. Weber and Rothouse sought judicial review, arguing a fact dispute remained that precluded the Division from deciding the charge against them on summary judgment. OPINION HOLDS: On the record before us, we find no genuine issue of material fact that the agreements Weber and Rothouse offered to Iowan investors were securities and they were not registered as required by Iowa law. Therefore, we affirm the district court’s ruling affirming the Division’s decision.
