Regulatory Alerts2023-12-18
Commonwealth of Pennsylvania Department of Banking and Securities Consent Agreement and Order Regarding Muntz Financial, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Muntz Financial, LLC for violating the Pennsylvania Securities Act of 1972. The firm failed to maintain accurate Form ADV disclosures regarding client fund custody and neglected to file required audited balance sheets. Muntz Financial agreed to pay an $80,000 administrative assessment in installments and comply with state securities regulations without admitting or denying the allegations.
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