Regulatory Alerts2026-07-16
Added
D. Morgan Capital, Inc. and Derek Morgan Final Order and Notice of Right to Appeal
The Pennsylvania Banking and Securities Commission issues a Final Order adopting a Hearing Officer's report against D. Morgan Capital, Inc. and Derek Morgan for willful violations of the Pennsylvania Securities Act of 1972, including unregistered securities offerings and fraud. The Respondents are jointly and severally ordered to pay an administrative assessment of $100,000 and the costs of investigation, and are indefinitely barred from representing issuers, acting in specific corporate roles, registering as broker-dealers or investment advisers, or relying on certain registration exemptions in Pennsylvania. The Respondents failed to answer the initial Order to Show Cause, resulting in a default judgment where factual allegations were deemed admitted. A Notice of Right to Appeal accompanies the Order, informing the Respondents they have 30 days from the mailing date to file a petition for review with the Commonwealth Court of Pennsylvania.
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