Disciplinary Results

Another's Treasure Auction House  NCAL# 9314  (Eastover, NC)

Following an Administrative Hearing, David L. Hubbard, Jr. NCAL# 9479 and Anothers Treasure Auction House NCAL# 9314 received a six (6) month suspension on September 12, 2016 for violation of NCGS 85B-7.1(a) All settlement statements shall be signed by the licensee or the licensee agent and by the person receiving the disbursement; NCGS 85B-8(a)(3) Any failure to account for or to pay over within a reasonable time, not to exceed 30 days, funds belonging to another which have come into the licensees possession through an auction sale; NCGS 85B-8(a)(7) Commingling the funds or property of a client with the licensees own or failing to maintain and deposit in a trust or escrow account in an insured bank or savings and loan association located in North Carolina finds received for another person through sale at auction; NCGS 85B-8(a)(10) Failure to properly make any disclosures or to provide documents or information required by this Chapter or by the Commission; and, 21 NCAC 4B .0404(a)(11) Being incompetent in practice.

Auctions Worldwide, Inc.  NCAL# 7672  (Milford, CT)

Effective April 11, 2005, Auctions Worldwide, Inc.'s auction firm license was revoked for one violation of making a false statement or giving any false information in connection with an application for renewal of a license; for four violations of failing to properly make disclosures required by 21 NCAC 4B .0405; for four violations of failing to report in writing to the Board any and all civil suits involving them that are based upon any allegation of gross negligence, dishonesty, fraud, misrepresentation or incompetency, or that in any way involve an auction sale or a transaction related to an auction matter or auctioneering; and for one violation of failing to notify the Board in writing of each change or addition of residence or business address within 10 days of the occurrence of such change. Auctions Worldwide, Inc. waived their right to appeal as allowed by law and agreed to the Board`s findings of violations.