Regulatory Alerts2026-01-07
Pennsylvania Department of Banking and Securities Consent Agreement with Clear Capital Management LP
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Clear Capital Management LP for violating the Pennsylvania Securities Act of 1972 by failing to file required audited balance sheets while holding custody of client funds. The firm, registered as an investment adviser from 2020 to 2024, is ordered to pay a $25,000 administrative assessment in 24 monthly installments and must strictly comply with custody regulations. Clear Capital waived its right to a hearing or appeal and agreed to be legally bound by these terms to resolve the enforcement action.
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