Regulatory Alerts2025-03-06
Pennsylvania Department of Banking and Securities Consent Agreement and Order Regarding Lasure Capital Management, LTD
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Lasure Capital Management, Ltd. for violating the Pennsylvania Securities Act of 1972 by failing to maintain reasonable written procedures for inverse and leveraged ETFs. The firm agreed to pay a $40,000 administrative assessment in monthly installments and is ordered to comply with state securities laws without admitting or denying the allegations. Lasure Capital Management waived its right to a hearing or appeal and acknowledged that failure to pay or comply may result in additional sanctions.
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