Regulatory Alerts2026-04-02
Pennsylvania Department of Banking and Securities v. Pineda Sanchez Capital Company and Richard Pineda
The Pennsylvania Department of Banking and Securities issued an Order to Show Cause against Pineda Sanchez Capital Company and Richard Pineda for allegedly offering and selling unregistered partnership agreements that guaranteed fixed weekly profits. The complaint alleges violations of the Pennsylvania Securities Act of 1972, including fraud and material omissions, involving over $260,000 raised from investors between March 2023 and July 2024. The Respondents are ordered to show cause why sanctions such as permanent industry bars, rescission offers, restitution, and administrative fines up to $100,000 per violation should not be imposed.
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