Chesley V. Morton | |
---|---|
Member of the GeorgiaHouseofRepresentatives from the 47th district | |
In office 1983–1991 | |
Preceded by | Joseph A. Burton |
Succeeded by | Tom Sherrill |
Personal details | |
Born | Miami,Florida | August 21,1951
Nationality | American |
Political party | Republican |
Children | Tamara Gayle Morton |
Alma mater | Florida State University |
Occupation | Stockbroker |
Profession | Politician |
Chesley V. Morton Jr. (born August 21,1951) is an American stockbroker,securities arbitrator,and former member of the Georgia House of Representatives.
Chesley V. Morton Jr. was born in Miami,Florida,on August 21,1951,to Chesley V. Morton Sr. and Anne Morton (née Morton –unrelated). In 1953,his father moved the family to Fort Lauderdale where he established a law practice. Morton attended Broward County schools. While studying in Prague,Czechoslovakia,in 1968,he and other American students were among the first foreigners evacuated after the military invasion of that country by the Warsaw Pact. He graduated from Nova High School (Davie,Florida) in 1969 and was accepted to Florida State University,majoring in Broadcast Communications. After graduation,he worked for the Florida Public Broadcasting Service program Today in the Legislature covering political events as still photographer and TV cameraman. [1] [2] In 1976 he moved to Atlanta,Georgia,where he attended Woodrow Wilson College of Law,later transferring to Atlanta Law School. While attending night law school,Morton worked as a paralegal,and later served as a Deputy Sheriff in Gwinnett County,Georgia.
Morton married in 1986 and divorced in 1990. The couple had one child. Since 1985 he has worked as a stockbroker and as a securities industry arbitrator for the dispute resolution forums of the New York Stock Exchange and the National Association of Securities Dealers (NASD now FINRA).
Morton was elected to four terms in the Georgia General Assembly beginning in 1983,serving as State Representative from the 47th District for eight years. [3] [4] The district included portions of Chamblee,Doraville,Tucker,and unincorporated DeKalb County. He was a member of the Agriculture and Consumer Affairs,Banks and Banking,and Regulated Beverages committees. During his tenure,he was the ranking republican on the Agriculture and Consumer Affairs committee. In November 1989,Representative Morton served as an official foreign observer during the independence election in Namibia,held under the auspices of the United Nations Transition Assistance Group (UNTAG),which monitored the election of members of the Constituent Assembly. The work of foreign observers helped to ensure that the elections were certified as free and fair by the UN Special Representative,Martti Ahtisaari. [5]
Representative Morton sponsored the Georgia Animal Protection Act of 1986,one of the earliest comprehensive animal protection measures in the United States. The law was enacted in response to the inhumane treatment of companion animals by a pet store chain in Atlanta. [6] The Act provided for the licensing and regulation of pet shops,stables,kennels,and animal shelters,and established,for the first time,minimum standards of care. The Georgia Department of Agriculture was tasked with enforcing the law through the Department's newly created Animal Protection Division. Representative Morton then sponsored an additional provision,added in 1990,known as the Humane Euthanasia Act,which was the first state law to mandate intravenous injection of sodium pentobarbital in place of gas chambers and other less humane methods. [7] [8] Commissioner Tommy Irvin and the Georgia Department of Agriculture were required,in their licensing of animal shelters,to enforce the new humane euthanasia law. However,Commissioner Irvin failed to abide by the terms of the law, [9] [10] and instead continued to license gas chambers. In March 2007,Morton sued the Georgia Department of Agriculture and Commissioner Irvin. [11] The Fulton County Superior Court ruled in favor of the Plaintiffs, [12] validating the terms of the Humane Euthanasia Act,with an injunction prohibiting the Department from issuing licenses to shelters using gas chambers in violation of the Act. After the Court decision,and issuance of the permanent injunction,Irvin continued to voice resistance to the ruling. In an interview with a south Georgia newspaper,Irvin suggested possible ways to circumvent the law,including the use of private contractors to operate gas chambers. [13] When the Department continued to license a gas chamber in Cobb County,Georgia,a second court action was brought,which resulted in the Department being held in contempt. [14] [15] The cases received widespread coverage in the media,casting Irvin in an unfavorable light.
The State of Georgia was the first state to codify a comprehensive penny stock securities law. [16] Secretary of State Max Cleland,whose office enforced State securities laws [17] was a principal proponent of the legislation. Representative Morton,the only stockbroker in the Georgia General Assembly at the time,was a principal sponsor of the bill in the House of Representatives. Georgia's penny stock law was subsequently challenged in court. It was eventually upheld in U.S. District Court, [18] and the statute became the template for laws enacted in other states. Shortly after enactment of the Georgia law,the Financial Industry Regulatory Authority (FINRA) and the Securities and Exchange Commission enacted comprehensive revisions of their penny stock regulations. These regulations proved effective in either closing or greatly restricting broker/dealers,such as Blinder,Robinson &Company,which specialized in the penny stocks sector. [19]
In 1986,Representative Morton introduced the Georgia Print Law,to protect consumers in the popular "limited edition" art market. In the United States limited editions are regulated under state consumer protections laws. California became the first state to regulate the sale of limited edition art prints with the "California Print Law" of 1971. [20] [21] The state of Illinois later expanded on the California statute. [22] However,it was not until 1986 that more comprehensive provisions,still in place today,were enacted with the passage of the Georgia Print Law. That law became the template for statutes subsequently enacted by other states. [23] The Georgia Print Law,written by Representative Morton,became effective July 1,1986. [23] The law requires art dealers,artists,or auctioneers to supply information to perspective purchasers about the nature of the print,the number of prints and editions (including HC editions) produced,and the involvement (if any) of the artist in the creation of the print. The penalty for violation of the law ranges from simple reimbursement to treble damages,in the case of a willful violation. Those found to be in violation of the law are also liable for court costs,expenses,and attorney fees. The law applies to works of art valued at more than $100.00 (not including frame). [23] Charitable organizations are specifically exempt from the provision of the law. The statute of limitations is one year after discovery,and,if discovery of the violation is not made within three years of the sale,then the purchaser’s remedies are extinguished. [22] [23]
A limited edition is normally hand signed and numbered by the artist,typically in pencil,in the form (e.g.):14/100. The first number is the number of the print itself. The second number is the number of overall prints the artist will print of that image. The lower the second number is,the more valuable and collectible the limited editions are likely to be,within whatever their price range is. A small number of "artists' proofs" may also be produced as well,signed and with "AP","proof",etc. Prints that are given to someone or are for some reason unsuitable for sale are marked "H. C." or "H/C",meaning "hors de commerce",not for sale. [24]
Pump and dump (P&D) is a form of securities fraud that involves artificially inflating the price of an owned stock through false and misleading positive statements (pump), in order to sell the cheaply purchased stock at a higher price (dump). Once the operators of the scheme "dump" (sell) their overvalued shares, the price falls and investors lose their money. This is most common with small-cap cryptocurrencies and very small corporations/companies, i.e. "microcaps".
In printmaking, an edition is a number of prints struck from one plate, usually at the same time. This may be a limited edition, with a fixed number of impressions produced on the understanding that no further impressions (copies) will be produced later, or an open edition limited only by the number that can be sold or produced before the plate wears. Most modern artists produce only limited editions, normally signed by the artist in pencil, and numbered as say 67/100 to show the unique number of that impression and the total edition size.
An animal shelter or pound is a place where stray, lost, abandoned or surrendered animals – mostly dogs and cats – are housed. The word "pound" has its origins in the animal pounds of agricultural communities, where stray livestock would be penned or impounded until they were claimed by their owners.
A puppy mill, also known as a puppy farm, is a commercial dog breeding facility characterized by quick breeding and poor conditions. Although no standardized legal definition for "puppy mill" exists, a definition was established in Avenson v. Zegart in 1984 as "a dog breeding operation in which the health of the dogs is disregarded to maintain a low overhead and maximize profits". They are cited as being a result of increased demand for household pets, especially after World War II. The Veterinary Medical Association of the Humane Society of the United States defines the main characteristics of a puppy mill as "emphasis on quantity over quality, indiscriminate breeding, continuous confinement, lack of human contact and environmental enrichment, poor husbandry, and minimal to no veterinary care."
Animal euthanasia is the act of killing an animal humanely, most commonly with injectable drugs. Reasons for euthanasia include incurable conditions or diseases, lack of resources to continue supporting the animal, or laboratory test procedures. Euthanasia methods are designed to cause minimal pain and distress. Euthanasia is distinct from animal slaughter and pest control.
Penny stocks are common shares of small public companies that trade for less than one dollar per share. The U.S. Securities and Exchange Commission (SEC) uses the term "Penny stock" to refer to a security, a financial instrument which represents a given financial value, issued by small public companies that trade at less than $5 per share. Penny stocks are priced over-the-counter, rather than on the trading floor. The term "penny stock" refers to shares that, prior to the SEC's classification, traded for "pennies on the dollar". In 1934, when the United States government passed the Securities Exchange Act to regulate any and all transactions of securities between parties which are "not the original issuer", the SEC at the time disclosed that equity securities which trade for less than $5 per share could not be listed on any national stock exchange or index.
The Animal Welfare Act was signed into law by President Lyndon B. Johnson on August 24, 1966. It is the main federal law in the United States that regulates the treatment of animals in research and exhibition. Other laws, policies, and guidelines may include additional species coverage or specifications for animal care and use, but all refer to the Animal Welfare Act as the minimally acceptable standard for animal treatment and care. The USDA and APHIS oversee the AWA and the House and Senate Agriculture Committees have primary legislative jurisdiction over the Act. Animals covered under this Act include any live or dead cat, dog, hamster, rabbit, nonhuman primate, guinea pig, and any other warm-blooded animal determined by the Secretary of Agriculture for research, pet use or exhibition. Excluded from the Act are birds, rats of the genus Rattus, mice of the genus Mus, farm animals, and all cold-blooded animals.
The terms special edition, limited edition, and variants such as deluxe edition, or collector's edition, are used as a marketing incentive for various kinds of products, originally published products related to the arts, such as books, prints, recorded music and films, and video games, but now including clothing, cars, fine wine, and whisky, among other products. A limited edition is restricted in the number of copies produced, although in fact the number may be very low or very high. Suzuki (2008) defines limited edition products as those “sold in a state that makes them difficult to obtain because of companies limiting their availability to a certain period, quantity, region, or channel". A special edition implies there is extra material of some kind included. The term is frequently used on DVD film releases, often when the so-called "special" edition is actually the only version released.
Securities fraud, also known as stock fraud and investment fraud, is a deceptive practice in the stock or commodities markets that induces investors to make purchase or sale decisions on the basis of false information. The setups are generally made to result in monetary gain for the deceivers, and generally result in unfair monetary losses for the investors. They are generally violating securities laws.
The Humane Society of the United States (HSUS) is an American nonprofit organization that focuses on animal welfare and opposes animal-related cruelties of national scope. It uses strategies that are beyond the abilities of local organizations. It works on issues including pets, wildlife, farm animals, horses and other equines, and animals used in research, testing and education. As of 2001, the group's major campaigns targeted factory farming, hunting, the fur trade, puppy mills, and wildlife abuse.
A no-kill shelter is an animal shelter that does not kill healthy or treatable animals based on time limits or capacity, reserving euthanasia for terminally ill animals, animals suffering poor quality of life, or those considered dangerous to public safety. Some no-kill shelters will commit to not killing any animals at all, under any circumstance, except as required by law. A no-kill shelter uses many strategies to promote shelter animals; to expanding its resources using volunteers, housing and medical protocols; and to work actively to lower the number of homeless animals entering the shelter system. Up to ten percent of animals could be killed in a no-kill shelter and still be considered a no-kill shelter.
The Financial Industry Regulatory Authority (FINRA) is a private American corporation that acts as a self-regulatory organization (SRO) that regulates member brokerage firms and exchange markets. FINRA is the successor to the National Association of Securities Dealers, Inc. (NASD) as well as to the member regulation, enforcement, and arbitration operations of the New York Stock Exchange. The U.S. government agency that acts as the ultimate regulator of the U.S. securities industry, including FINRA, is the U.S. Securities and Exchange Commission (SEC).
Microcap stock fraud is a form of securities fraud involving stocks of "microcap" companies, generally defined in the United States as those with a market capitalization of under $250 million. Its prevalence has been estimated to run into the billions of dollars a year. Many microcap stocks are penny stocks, which the SEC defines as a security that trades at less than $5 per share, is not listed on a national exchange, and fails to meet other specific criteria.
A registered representative, also called a general securities representative, a stockbroker, or an account executive, is an individual who is licensed to sell securities and has the legal power of an agent in the United States.
The Hayden Act, introduced by California Senator Tom Hayden as Senate Bill 1785 on February 18, 1998, amended California Law as it applies to companion animals.
Thomas Telford Irvin was an American politician who served as Georgia's Commissioner of Agriculture from 1969 until January 2011. Irvin holds a record as the longest-serving Commissioner of Agriculture in the United States, and the longest-serving statewide official in Georgia. He was also one of the last Democrats to win statewide in Georgia until 2020, when Joe Biden won the presidential election.
The National Animal Interest Alliance (NAIA) is a non-profit organization in the United States dedicated to promoting animal welfare and animal husbandry practices, strengthening the human-animal bond, and safeguarding the rights of responsible animal owners and professionals through research, public education and public policy. The NAIA mission is "to promote the welfare of animals."
Selling away in the U.S. securities brokerage industry is the inappropriate practice of an investment professional who sells, or solicits the sale of, securities not held or offered by the brokerage firm with which he is associated (affiliated). An example of the term expressed in a sentence is, "The broker was selling investments away from the firm." Brokers marketing securities must have obtained the appropriate securities licenses for various types of investments. Brokers in the U.S. may be "associated" with one or more Brokerage firms and must obtain licenses by passing standardized Financial Industry Regulatory Authority (FINRA) exams such as the Series 6 or Series 7 exam. See List of Securities Examinations for types of securities licenses in the U.S.
Artist's multiple is a series of identical art objects produced or commissioned by artist according to his or her idea, usually a signed limited edition made specifically for selling.
The Veterinary Medicine Mobility Act of 2014 is a United States public law that amends the Controlled Substances Act to clarify that veterinarians are not required to have separate registrations to dispense controlled substances outside of their principal place of business, such as when treating animals on a farm.
At recent NAB in Chicago, Technics national sales manager points out features to Chesley Morton, Florida Public Broadcasting
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