Regulatory Alerts2025-04-17
Commonwealth of Pennsylvania Department of Banking and Securities Consent Agreement and Order re Guardian Capital, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Guardian Capital, LLC for violating the Pennsylvania Securities Act of 1972 by failing to establish and maintain required business continuity and succession planning procedures. The order requires the respondent to pay a total administrative assessment of $70,000, split into two equal installments due in May and June 2025. Guardian Capital, LLC waived its right to a hearing or appeal and agreed to be legally bound by the terms, which include potential additional sanctions for non-compliance.
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