The state’s Division of Banking & Securities cited Ray Austin last year and ordered him to pay $1,000 for dozens of Facebook posts that criticized sitting Goldbelt directors.
"Alaska Division of Banking & Securities"
Goldbelt board member fined by state regulators over Facebook post
In an enforcement order dated June 30, the state’s Division of Banking & Securities says: “Shareholders were not required to vote in favor of the proposed settlement trust to be eligible to receive $100.00 from Goldbelt.”
Goldbelt shareholder fined $1,000 over Facebook post accusing state regulator of inaction
The fine comes as the state’s broad powers over shareholder speech is under review by the Alaska Supreme Court.