Regulatory Alerts2024-05-21
Consent Agreement and Order: Commonwealth of Pennsylvania v. Spark Financial Advisors, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Spark Financial Advisors, LLC for operating as an unregistered investment advisor in the Commonwealth between October 2023 and January 2024. The firm agreed to pay a $9,000 administrative assessment within 60 days and to comply with the Pennsylvania Securities Act of 1972 without admitting or denying the allegations. By entering this order, Spark Financial Advisors waived its right to a hearing or appeal regarding the imposed penalties and terms.
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