Regulatory Alerts2026-04-02
Consent Agreement and Order Regarding National Watch & Diamond Exchange Inc.
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against National Watch & Diamond Exchange Inc. for violating the Pawnbroker License Act. The entity agreed to pay a $10,000 fine and implement a compliant electronic reporting system for pawnbroker transactions. Additionally, the company must maintain accurate records and submit to future audits to ensure ongoing regulatory compliance.
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