2026-04-02

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.

Pennsylvania Department of Banking and Securities logo

United States

Pennsylvania Department of Banking and Securities

Click to view thumbnail

 !         

 !                           #               0011                             

   #,)31132;)%08,3 )227=0:%2-%%'8-2+8,639+,8,))4%681)283%2/-2+%2(")'96-8-)7 (“Department”), Compliance Office (“Office”), believes that %8-32%0$%8',-%132(<',%2+)2' (“$”) :-30%8)(8,) %;2&63/)67-')27)'8(“PLA”),   "?   #,)4%68-)7838,) %&3:)'%48-32)(1%88)6-20-)930-8-+%8-32,)6)&=78-490%8)8,%88,)3003;-2+78%8)1)287%6)869)%2( '366)'8-28,)7)880)1)2838,)%&3:)'%48-32)(1%88)6%2(-28)2(-2+83&)0)+%00=&392(,)6)&=%+6))83 8,)8)6173f this Consent Agreement and Order (“Order”).   #,))4%681)28-78,)31132;)%08,3Pennsylvania’s administrative agency authorized and )143;)6)(83%(1-2-78)6%2()236')8,)   #,)**-')-746-1%6-0=6)74327-&0)36%(1-2-78)6-2+%2()236'-2+8,) 368,))4%681)28

 $-7'966)280=0-')27)(%7% %;2&63/)60-')27)23

  $1%-28%-27-8746-2'-4%040%')3&97-2)77%8 "8,"86))8 ,-0%()04,-%     ")'8-32 38,)   "?   -1437)7')68%-26)59-6)1)28732 %;2&63/)6 0-')27))70-/)$  ")'8-32 463:-()7-26)0):%28part: “Every pawnbroker licensed 92()68,-7%'87,%00%229%00= 3236&)36)8,)-678(%=3%6',-0)%6)4368;-8,8,)")'6)8%6=3%2/-2++-:-2+79',6)0):%28 -2361%8-32%78,)")'6)8%6=3*%2/-2+1%=6)59-6)'32')62-2+8,)&97-2)77%2(34)6%8-327(96-2+8,) FILED 2026 APRIL 2 PM 2:30 PA DEPARTMENT OF BANKING AND SECURITIES

46):-397'%0)2(%6=)%6379',0-')27)(40%')3&97-2)77'32(9'8)(&=8,)4%;2&63/)6;-8,-28,-7 31132;)%08,"9',6)43687,%00&)1%()92()63%8,%2(7,%00&)-28,)36146)7'6-&)(&=8,) ")'6)8%6=3%2/-2+36*%-096)83*-0)79',6)4368;-8,-28,)8-1)74)'--)(%4%;2&63/)67,%004%=83 8,)")'6)8%6=3%2/-2+%4)2%08=3*8)2 

(300%6736)%','%0)2(%6(%=;,-',79',6)4368-7 3:)6(9)&988,)")'6)8%6=3%2/-2+1%=-2,-7(-7'6)8-326)0-):)%4%;2&63/)63%2=4368-3236%003 79'h fine”. 63 P.S. § 281   #,))4%681)28%'8-2+49679%2883-87%98,36-8=92()67)'8-32 38,)   "?    6)59-6)7)%',4%;2&63/)60-')27))83'3140)8)%2(-0)%2229%0!)4368368,)46):-397=)%68,639+,% 7)07)6:-');)&based system (the “Portal”) &=%6', 38,)'966)28=)%6  $%-0)(83*-0)%'3140)8)(229%0!)4368368,)'%0)2(%6=)%63 &=8,)()%(0-2)3 %6',  &=-0-2+8,6))(%=7%8)68,)()%(0-2)32%6',  98,36-8=38,))4%681)28  ")'8-32 38,e PLA provides in relevant part: “For failure to file such reports within the time 74)'--)(%4%;2&63/)67,%004%=838,)")'6)8%6=3%2/-2+%4)2%08=3#)2 (300%6736)%', calendar day which such report is overdue…”   "?     2%((-8-32")'8-32 38,))4%681)283%2/-2+%2(")'96-8-)73()provides: “The ()4%681)281%=-779)36()6778%8)1)2873430-'=%2(-28)646)8-:)0)88)672)')77%6=%2(%446346-%8)83 administer this act or any other statue within the department’s jurisdiction to administer or enforce.” 7 "?

     $:-30%8)(7)'8-32 8,) %8  "?   &=*-0-2+%2229%0!)4368'32')62-2+ -87&97-2)77%2(34)6%8-32736'%0)2(%6=)%6 8,6))(%=7%8)68,)%6',  -0-2+()%(0-2)   -2)$%+6))7834%=%-2)38,-68=(300%67 #,)-2)-7(9);-8,-28,-68= (%=73 8,)**)'8-:)%8)38,)6()6 %=1)287,%00&)1%()through the Department’s secure portal ,8847 ;;;4368%0(3&74%+3:

 %-096)83 %=%-096)834%=8,)*-2);-8,-2 (%=71%=6)7908-2%((-8-32%0)236')1)28%'8-32 -2'09(-2+&982380-1-8)(838,)7974)27-326):3'%8-32366)97%0836)2);NWDE’s 0-')27)  328%'82361%8-32$7,%00;-8,-2 (%=738,)(%8)38,-76()694(%8)%004368%0 -2361%8-32-2'09(-2+&982380-1-8)(83)1%-0%((6)77)713&-0)36;36/8)0)4,32)291&)6738,)6 )0)'8632-'%((6)77)736'328%'8-2361%8-32-2%((-8-328336(-2%6=1%-0-2+%((6)77)7%2(7,%00)2796)8,%8 79',-2361%8-326)1%-2794(%8)(32%+3-2+36;%6(&%7-7   327)28$,)6)&=/23;-2+0=;-00-2+0=:30928%6-0=%2(-66):3'%&0='327)287838,))286= of this Order pursuant to the Department’s order authority under the PLA and agrees that it understands %0038,)8)617%2('32(-8-327'328%-2)(,)6)-2$&=:30928%6-0=)28)6-2+-2838,-76()6;%-:)7 %2=6-+,883%,)%6-2+36%44)%0'32')62-2+8,)8)617'32(-8-327%2( 364)2%08-)77)8368,-28,-76()6  32791)6!-+,87#,)6()67,%002380-1-836-14%-6%'3279mer’s rights under the PLA.  9&0-'%8-32#,))4%681)28;-0049&0-7,8,-76()649679%2883-87%98,36-8=-28,))4%681)283 %2/-2+%2(")'96-8-)73()  "?

   28-6)+6))1)28#,-76()6'328%-278,);,30)%+6))1)28&)8;))28,)4%68-)7#,)6)%6)23 38,)68)6173&0-+%8-327'3:)2%2876)46)7)28%8-32778%8)1)287'32(-8-3273638,)6;-7)3%2=/-2( ;,%873):)6'32')62-2+8,-76()6#,-76()61%=&)%1)2()(-2;6-8-2+&=1989%0%+6))1)28&=8,) **-')%2($  -2(-2+%896)#,))4%681)28$%2(%003**-')673;2)67(-6)'8367)1403=))7,)-67 %2(%77-+273$-28)2(83&)%2(%6)0)+%00=&392(&=8,)8)61738,-76()6  3927)0This Order is subject to review by the Department’s Legal Division. This Order is )28)6)(-283&=8,)4%68-)7943290034436892-8=360)+%0%(:-')6310)+%0'3927)0  **)'8-:)2)77$,)6)&=78-490%8)7%2(%+6))78,%88,)6()67,%00&)'31))**)'8-:)328,) date that the Department’s Legal Division dockets this Order (“Effective Date”).

 8,)6236')1)28'8-32 % #,))4%681)286)7)6:)7%003-876-+,87(98-)7%2(%98,36-8=83)236')%0078%898)7 690)7%2(6)+90%8-32792()6-87.96-7(-'8-32%+%-278$-28,)9896)6)+%6(-2+%00 1%88)672386)730:)(&=8,-76()6 & $%'/23;0)(+)7%2(%+6))78,%88,-76()6-7320=&-2(-2+94328,))4%681)28 %2(238%2=38,)603'%078%8)36*)()6%0%+)2'=()4%681)28363**-')6)+%6(-2+1%88)67 ;-8,-28,-76()6  98,36->%8-32#,)4%68-)7&)03;%6)%98,36->)(83)<)'98)8,-76()6%2(0)+%00=&-2(8,)-6 6)74)'8-:)4%68-)7  3928)64%687#,-76()61%=&))<)'98)(-27)4%6%8)'3928)64%687%2(&=*%'7-1-0)36)0)'8632-' 361%8  #-80)7#,)8-80)797)(83-()28-=8,)4%6%+6%4,738,-7(3'91)28%6)368,)'32:)2-)2')3 6))6)2')320=%2((3238'3286308,)-28)646)8%8-323*8,-7(3'91)28



 (6Gi'JFU7)+O$X6JGiJ-iX4+i2O+3J8G3i8G'A)7F3iY4+iO+'7Z$?iL$P$3T$L4ViZ4+i+L$PZD+G[i J-i$F>6G3i$G)i +'aQ6^6+UiJDMA6$G'+i/'+i$F)i$X7JF$@i#$Z'4ii6$DJG)id'4$G3+iG'i7G[+G)6G3i [Ji&+iA+3$AAfi&JF)i)Ji4+O+&gi+e+'a[+iY46UiJFU+FYi 3O++D+GYi$F)iR)+O i  (" (% "((  !'$(  " "(( ( (! # " !(  ( ( J5Hi!%B%C%9 i9S,(YJSi KENB:%H(,i0(,i ,HHWhCc%H;%i,N%S_E,H\iJ.i%I:H3i%H*i ,(bS;Y;,Wi $]+ i  ("(%"((  ( & (( 1'+Oi <3F$]`O+i  O=F]i1'+Oi$D+i "=]A+i $]+ i   04/02/2026 Redacted Redacted