The state securities commissioner issued a cease-and-desist order against Glenn A. Gates for allegedly selling unregistered securities to investors.

Commissioner Tung Chan issued a preliminary order and notice of right to hearing against Gates. The order alleges that Gates "solicited, offered, sold or transacted" unregistered stock certificates totaling $8,000.

The order also alleges that Gates violated the state's securities registration provisions, and seeks permanent injunctions against future violations as well as restitution and administrative penalties of $8,000.

State securities laws require securities such as stock certificates, as well as individuals or entities soliciting or transacting in securities, to be registered with the state.

Anyone who has been solicited by or transacted business with Gates, with respect to stock certificates, or who may have information regarding this matter, is urged to contact the State Securities Enforcement Branch.