Regulatory Alerts2025-07-08
Consent Agreement and Order: Renvyle Partners, LLC
The Pennsylvania Department of Banking and Securities issued a Consent Agreement and Order against Renvyle Partners, LLC for violating the Pennsylvania Securities Act of 1972 by failing to maintain reasonable written procedures for leveraged ETFs. The firm agreed to pay a $40,000 administrative assessment through eight semi-annual installments beginning in July 2025 without admitting or denying the allegations. This order mandates compliance with state securities laws and reserves the Department's right to impose additional sanctions for future non-compliance.
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