Regulatory Alerts2024-06-03
Consent Agreement and Order: Viking Wealth Management, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Viking Wealth Management, LLC for violating the Pennsylvania Securities Act of 1972. The firm failed to maintain reasonable written procedures and enforcement systems for the purchase and sale of inverse and leveraged exchange-traded funds on behalf of Pennsylvania residents. As relief, Viking agreed to pay a $15,000 administrative assessment in installments and comply with state securities regulations without admitting or denying the allegations.
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