Senator ran out of advice.

• Position: Statewide: EASTERN REGION

State Sen. Thom Goolsby is done in the investment-advisory business after the N.C. Secretary of State's office revoked his registration May 21. Goolsby, a New Hanover County lawyer, also co-owned Wilmington-based Empowered Investor Inc. with James Daryl Upham. At seminars and on their local radio show, the duo promoted the "10-20-50" plan, in which an investment losing more than 10% or one earning more than 20% would be immediately sold, while no more than 50% of clients' accounts would be invested in securities. After 10 investors sued the company last July over losses, a state investigation found the partners...