Regulatory Alerts2025-04-11
Added · Updated
Consent Order Regarding Spruce Investment Advisors, LLC
Spruce Investment Advisors, LLC must cease and desist from violating Connecticut securities laws, specifically Sections 36b-6(c)(1) and 36b-6(e), which prohibited operating as an unregistered investment adviser and failing to file required notices. The entity is required to pay a $5,000 administrative fine to the State of Connecticut no later than the date the Consent Order is entered. This resolution settles allegations that Spruce transacted business in Connecticut without a valid notice filing between January 1, 2022, and May 20, 2022.
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