Regulatory Alerts2024-05-01
Consent Agreement and Order: CWR Capital Management, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against CWR Capital Management, LLC for violating the Pennsylvania Securities Act of 1972 by failing to maintain reasonable written procedures for leveraged ETFs. The firm agreed to pay a $10,000 administrative assessment through eight quarterly installments ending in January 2026 without admitting or denying the allegations. The order mandates strict compliance with state securities regulations and reserves the Department's right to impose additional sanctions for any future violations or non-payment.
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