Regulatory Alerts2025-05-12
Consent Agreement and Order: Cumberland Valley Financial Services Inc.
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Cumberland Valley Financial Services Inc. for failing to establish and maintain required business continuity and succession planning procedures. As relief, the firm is ordered to pay a $15,000 administrative assessment in two installments and must comply with the Pennsylvania Securities Act of 1972. The agreement waives the firm's right to a hearing or appeal and reserves the Department's authority to impose additional sanctions for future non-compliance.
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