Based upon the foregoing findings, the California Corporations Commissioner is of the opinion that the investments that are being or have been offered or sold by First Fidelity Asset Group, First Fidelity Group, and Simon Shaw are securities subject to qualification under the California Corporate Securities Law of 1968 and are being or have been offered or sold without being qualified in violation of Corporations Code section 25110. Pursuant to section 25532 of the Corporate Securities Law of
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DESIST AND REFRAIN ORDER
State of California - Department of Corporations
1968, First Fidelity Asset Group, LLC; First Fidelity Group, Ltd.; and Simon Shaw are hereby ordered to desist and refrain from the further offer or sale in the State of California of securities, including but not limited to bonds, unless and until qualification has been made under the law or unless exempt.
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