Regulatory Alerts2024-02-06
Consent Agreement and Order: Commonwealth of Pennsylvania v. Century Financial Services LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Century Financial Services LLC for operating as an unregistered investment adviser in violation of the Pennsylvania Securities Act of 1972. The order requires the firm to pay an administrative assessment of $1,410.22 by March 15, 2024, and mandates strict compliance with state securities registration laws. Century Financial Services LLC waived its right to a hearing or appeal in exchange for resolving the matter without formal litigation.
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