Regulatory Alerts2024-12-17
Added · Updated
Commonwealth of Pennsylvania Department of Banking and Securities Consent Agreement Order Regarding Capital Source 2000 Inc and CS2K LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement Order against Capital Source 2000, Inc. and CS2K, LLC for violating the Pennsylvania Securities Act of 1972 by offering and selling unregistered promissory notes and failing to provide material financial disclosures. The entities agreed to pay a $195,000 administrative assessment and comply with state securities laws without admitting or denying the allegations. This order resolves the investigation into their merchant cash advance financing activities while reserving the Department's right to pursue further enforcement actions.
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