Regulatory Alerts2025-12-11
Order Against Sun Global, LLC for Form ADV and Business Continuity Plan Violations
The Pennsylvania Department of Banking and Securities issued an administrative order against Sun Global, LLC for failing to maintain accurate Form ADV disclosures and deficient business continuity plans. The firm violated state regulations by not reporting a Delaware regulatory action within the required 30-day window and by lacking provisions for assigning duties during key personnel unavailability. As relief, Sun Global, LLC consented to a $21,000 administrative assessment and waived its right to a hearing regarding these enforcement actions.
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