Regulatory Alerts2026-03-20
Added · Updated
Consent Order Regarding J. Davenport Advisors, LLC and John F. Davenport
The Connecticut Banking Commissioner revoked the investment adviser registration of J. Davenport Advisors, LLC and the agent registration of John F. Davenport effective upon the order's entry. Davenport is barred from transacting business in Connecticut as a broker-dealer, agent, or investment adviser for seven years. The order resolves allegations that the firm failed to maintain accurate books, enforce supervisory procedures, disclose subadvisor fees, and maintain written advisory agreements, while Davenport failed to file correcting Form U4 amendments and made false statements to the Commissioner.
Topics
Share