Regulatory Alerts2025-03-10
Richards Financial LLC
The Pennsylvania Department of Securities charged Richards Financial LLC with violating Section 301(c) of the 1972 Act and Regulation 303.012(i) by failing to maintain current and accurate information in its Form ADV. The regulator determined that the respondent neglected to file necessary amendments within the required 30-day window after material statements became incorrect. This conduct provides grounds to deny, suspend, revoke, or condition the firm's investment adviser registration or to issue a censure.
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