A $100,000 fine plus censure was given to Clayton-based company Huntleigh Securities Corp by a Missouri court. The brokerage firm had failed to discipline one of its former employees, a man named James McClellan Jr., who allegedly sold several timeshare investments that were unregistered. McClellan was further penalized by being permanently banned from working in the same industry after being found guilty of selling around $4.4 million worth of illegal timeshare assets.

A report from the Secretary of State's Office revealed that McClellan, a resident of Chesterfield, had worked for Huntleigh from 1977 to 2010, during which time he had helped found the company until he resigned. Since 1965, he had been working in the securities industry. It was between 2002 and 2008 that McClellan committed fraud by selling timeshare investments to fellow residents in Missouri.

McClellan was found to have failed providing full disclosure of Meadow Ridge's poor financial conditions. He also did not inform his victims that the transactions they entered were not honored by his employer and that all investments were not registered under the state.