Consent Agreement and Order: Commonwealth of Pennsylvania Department of Banking and Securities v. Bishop & Associates, Inc.

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COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF BANKING AND SECURITIES
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: DOCKET No. 260025 (SEC-CAO)
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COMMONWEALTH OF PENNSYLVANIA
DEPARTMENT OF BANKING AND
SECURITIES, BUREAU OF SECURITIES
COMPLIANCE AND EXAMINATIONS v.
BISHOP & ASSOCIATES, INC. :
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CONSENT AGREEMENT AND ORDER
The Commonwealth of Pennsylvania, acting through the Department of Banking and Securities (“Department”), Bureau of Securities Compliance and Examinations (“Bureau”), has conducted an investigation of the business practices of Bishop & Associates, Inc. (“BAI”) and its officers and employees. Based on the results of its investigation, the Bureau has concluded that BAI has operated in violation of the Pennsylvania Securities Act of 1972, 70 P.S. § 1-101 et seq. (“1972 Act”). BAI, in lieu of litigation, and without admitting or denying the allegations herein, and intending to be legally bound, hereby agrees to the terms of this Consent Agreement and Order (“Order”). BACKGROUND

1. The Department is the Commonwealth of Pennsylvania’s administrative agency
   authorized and empowered to administer and enforce the 1972 Act.
2. The Bureau is primarily responsible for administering and enforcing the 1972 Act
   for the Department.
   FILED
   2026 JULY 28 AM 8:38
   PA DEPARTMENT OF
   BANKING AND SECURITIES

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3. BAI (CRD # 105257) was, at all times material herein, Pennsylvania domestic
business corporation with an address of
4. From on or about April 2026 until the present, BAI transacted business in
Pennsylvania as an investment adviser while neither registered nor exempt from registration pursuant to Section 301 of the 1972 Act, 70 P.S. § 1-301. VIOLATION
5. By engaging in the acts and conduct set forth in paragraph 4 above, BAI transacted
business as an investment adviser in Pennsylvania in violation of Section 301(c) of the 1972 Act, 70 P.S. § 1-301(c). RELIEF
6. BAI shall pay the Department an administrative assessment in the amount of
$16,631.02. Payment shall be made by certified check or money order made payable to the “Department of Banking and Securities” and shall be mailed or delivered in person to the Bureau of Securities Compliance and Examinations located at 17 N. Second Street, Suite 1300, Harrisburg, Pennsylvania 17101 within thirty days of the effective date of this Order.
7. BAI is ORDERED to comply with the 1972 Act and Regulations adopted by the
Department, and in particular Section 301(c) of the 1972 Act, 70 P.S. § 1-301(c).
8. Should BAI fail to pay the assessment as set forth in paragraph 6 above, the
sanctions set forth elsewhere in the Order shall continue in full force and effect until full payment is made. However, this provision shall not be construed as affording BAI the option of either paying the assessment or being indefinitely subject to the sanctions. Redacted

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9. Should BAI fail to comply with any and/or all provisions of this Order, the
Department may impose additional sanctions and costs and seek other appropriate relief subject to BAI’s right to a hearing pursuant to the 1972 Act. FURTHER PROVISIONS
10. Consent. BAI hereby knowingly, willingly, voluntarily and irrevocably consents
to the entry of this Order pursuant to the Bureau’s authority under the 1972 Act and agrees that it understands all of the terms and conditions contained herein. BAI, by voluntarily entering into this Order, waives any right to a hearing or appeal concerning the terms, conditions, and/or penalties set forth in this Order.
11. Entire Agreement. This Order contains the entire agreement between the
Department and BAI. There are no other terms, obligations, covenants, representations, statements, conditions, or otherwise, of any kind whatsoever concerning this Order. This Order may be amended in writing by mutual agreement by the Department and BAI.
12. Binding Nature. The Department, BAI, and all officers, owners, directors,
employees, heirs and assigns of BAI intend to be and are legally bound by the terms of this Order.
13. Counsel. This Order is entered into by the parties upon full opportunity for legal
advice from legal counsel.
14. Effectiveness. BAI hereby stipulates and agrees that the Order shall become
effective on the date the Bureau executes the Order (“Effective Date”).
15. Other Enforcement Action.
(a) The Department reserves all of its rights, duties, and authority to enforce all statutes, rules, and regulations under its jurisdiction against BAI in the future regarding all matters not resolved by this Order.

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(b) BAI acknowledges and agrees that this Order is only binding upon the Department and not any other local, state or federal agency, department, or office regarding matters within this Order.
16. Authorization. The parties below are authorized to execute this Order and legally
bind their respective parties.
17. Counterparts. This Order may be executed in separate counterparts, by facsimile
and/or by PDF.
18. Titles. The titles used to identify the paragraphs of this document are for the
convenience of reference only and do not control the interpretation of this document.
19. Finding. The Department finds that it is necessary and appropriate in the public
interest and for the protection of investors, and consistent with the purposes fairly intended by the policy and provisions of the 1972 Act to issue this Order. WHEREFORE, in consideration of the foregoing, including the recital paragraphs, the Commonwealth of Pennsylvania, Department of Banking and Securities, Bureau of Securities Compliance and Examinations and Bishop & Associates, Inc., intending to be legally bound, do hereby execute this Consent Agreement and Order. FOR THE COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES BUREAU OF SECURITIES COMPLIANCE AND EXAMINATIONS ___________________________ Eric Pistilli, Deputy Secretary for Securities Date: _________________________________________ 07/27/2026 _ Redacted