Regulatory Alerts2026-03-30
Pennsylvania Department of Banking and Securities Order Against Sprich Capital Investment, LLP
The Pennsylvania Department of Banking and Securities issued a cease and desist order against Sprich Capital Investment, LLP, Andrew P. Sprich, and Raymond Abboud for violating the Pennsylvania Securities Act of 1972. The order mandates the immediate cessation of offering and selling unregistered promissory notes in the Commonwealth, which were marketed as securities without required disclosures. The respondents are notified of their right to request a hearing before the Banking and Securities Commission within 30 days of receipt to contest the findings.
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