Beet-energy promoter loses broker license
Published 04/27/2012, Agweek
Smith asked to resign in response to investor-client complaint
A man promoting investments in a sugar beet-to-ethanol project in Grafton, N.D., has resigned from securities brokerage firm after an investor-client complaint. Energae LP Holdings, based in Clear Lake, Iowa, reportedly is buying the former Alchem Ltd. ethanol plant in Grafton, and Darrell Duane Smith was the main presenter at a March 23 investors meeting in town.