Regulatory Alerts2025-09-10
Consent Agreement and Order: Commonwealth of Pennsylvania v. Arete Capital Management, Inc.
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Arete Capital Management, Inc. for violating the Pennsylvania Securities Act of 1972 by failing to maintain required business continuity and succession plan procedures from January 2019 to December 2023. The firm agreed to pay a $5,000 administrative assessment within ninety days and comply with state regulations without admitting or denying the allegations. By entering this agreement, Arete Capital Management waived its right to a hearing or appeal while the Department reserved its authority to pursue future enforcement actions on unrelated matters.
Share