Advisor suspended,
fined for violations
The Arkansas Securities Department ordered a former financial adviser of St. Bernard Financial Services of Russellville to pay a fine for securities violations, the department said Monday.
William David Crain, the former St. Bernard adviser, was ordered to pay a fine of $5,000, repay fees of $1,400 and market losses of $4,112. In addition, the department ordered a four-month suspension of Crain's registration.
According to a news release from the securities department, one of Crain's clients died in February 2013. The client's widow, who was not a client of the firm, informed Crain of her husband's death, but Crain continued to make trades in the account without the widow's authorization, the department said.
In February this year, the department temporarily suspended Crain's registration when he failed to cooperate with an inspection of his office in Little Rock.
-- David Smith
Plant faces nuclear
agency's assessment
The Nuclear Regulatory Commission will hold a public meeting with representatives from Entergy Operations Inc. on Sept. 3 to discuss the agency's safety assessment of Arkansas Nuclear One near Russellville.
Entergy Operations is a subsidiary of Entergy Corp., owner of the plant.
The meeting will begin at 6 p.m. at the Lake Point Conference Center in Russellville. The commission's staff will present an assessment of the plant's performance, talk about agency activities and programs and be available to respond to questions or comments from the public.
Last year, after a heavy equipment handling accident in which a worker was killed, the commission gave the plant a "substantial safety significance" rating, the commission said.
The meeting will address the commission's assessment of the plant's safety performance with company representatives, local officials and residents who live near the plant, said Marc Dapas, the commission's regional administrator.
-- David Smith
11 stocks advance,
6 slip in state index
The Arkansas Index, a price-weighted index that tracks the largest public companies based in the state, gained 0.99 to 352.02 Monday.
Eleven stocks advanced and six declined.
After climbing more than 6 percent last week, P.A.M. Transportation Services was up another 5 percent on Monday on almost twice its average volume.
Deltic Timber rose 1.8 percent in light trading.
Bear State Financial lost 1.7 percent with few shares traded.
Total volume of the index was 18.5 million shares.
The index was developed by Bloomberg News and the Arkansas Democrat-Gazette with a base value of 100 as of Dec. 30, 1997.
Business on 08/12/2014