Regulatory Alerts2026-01-08
Consent Agreement and Order Regarding Marsden Capital Management, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Marsden Capital Management, LLC for violating the Pennsylvania Securities Act of 1972 by failing to update Form U-4 to disclose outside pension consulting activities. The firm agreed to pay a $12,500 administrative assessment and comply with state securities regulations without admitting or denying the allegations. Marsden Capital Management waived its right to a hearing or appeal, and the Department reserves the right to impose additional sanctions for future non-compliance.
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