Regulatory Alerts2026-07-02
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Commonwealth of Pennsylvania Department of Banking and Securities v. Lakeland Investor Services, Inc. and Mark W. Petro
Lakeland Investor Services, Inc. is ordered to pay a $15,000 administrative assessment for failing to keep its Form ADV current and accurate between February 2020 and February 2024. The payment must be made in twelve monthly installments of $1,250, with the first due on July 31, 2026, and subsequent payments due every three months through April 30, 2029. The entity is further ordered to comply with the Pennsylvania Securities Act of 1972 and relevant regulations, with failure to pay or comply resulting in continued sanctions and potential additional penalties.
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