July 14, 2015-Columbia, South Carolina
The Securities Commissioner of South Carolina entered a Cease and Desist Order against Prospect, Kentucky-based Willis-Stafford Corporation in connection with a proposed offering of stock for the construction and operation of a film sound stage in Williamsburg County, South Carolina.
The S. Carolina Securities Commissioner found that the Willis-Stafford website (www.Willis-Stafford.com ) which solicited investors and listed an address in Salters, South Carolina, constitutes an offer of securities under the South Carolina securities act. Many of the representations about the proposed operation contain false or misleading statements according to the Order.
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