Regulatory Alerts2023-12-28
Consent Agreement and Order Regarding Black Diamond Wealth Management, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Black Diamond Wealth Management, LLC for violating the Pennsylvania Securities Act of 1972. The firm agreed to pay a $49,000 administrative assessment through eight equal installments due between February 2024 and November 2025. Additionally, the order mandates compliance with state securities laws and reserves the Department's right to impose further sanctions for any future non-compliance.
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