Order Against Sun Global, LLC for Form ADV and Business Continuity Plan Violations

4. From in or about September 2022 until present, SG has been registered pursuant to
Section 30l(c) of the 1972 Act, 70 P.S. §l-30l(c), as an investment adviser.
5. Regulation 303.012(i), 10 Pa. Code § 303.012(i), requires that an investment
adviser registered under the 1972 Act shall take steps necessary to ensure that material information contained in its Form ADV and exhibits remains current and accurate. If a material statement made in Form ADV and exhibits becomes incorrect or inaccurate, the investment adviser shall file with the Department an amendment on Form ADV within 30 days of the occurrence of the event which requires the filing of the amendment.
6. From in or about September 2022 to September 2024, SG's Form ADV contained
the following deficiencies:
a. On Form ADV, Part IA, ltem(D)(l)-(5), which requires the disclosure of any state regulatory actions, SG failed to update its Form ADV to disclose that the Investor Protection Unit of the Delaware Department of Justice (the "Unit") initiated a state regulatory action against the Firm. SG entered into an Administrative Consent Order with the Unit on January 13, 2025. SG did not update its Form ADV, Part lA, Item(D)(l)-(5) until June 1, 2025. Accordingly, SG failed to file with the Department an amendment on Form ADV within 30 days of the occurrence of the event which requires the filing of the amendment.
7. Regulation 304.071(c)(4), 10 Pa. Code§ 304.07l(c)(4), requires that an investment
adviser's business continuity and succession plan must provide for the assignment of duties to a qualified responsible person if the death or unavailability of a key personnel occurs. 2

8. At all times material herein, SG's business continuity and succession plan failed to
provide for the assignment of duties to a qualified responsible person if the death or unavailability of a key personnel occurs. VIOLATION
9. By engaging in the acts and conduct set forth in paragraphs 3 through 6 above, SG
failed to take steps necessary to ensure that material information contained in Form ADV and exhibits remained current and accurate, and file with the Department an amendment on Form ADV, within 30 days of the occurrence of the event which requires the filing of the amendment, which forms a basis to deny, suspend, revoke, or condition the registration of SG or censure SG pursuant to Section 305(a)(v) of the 1972 Act, 70 P.S. § l-305(a)(v), and Regulation 303.012(i), 10 Pa. Code§ 303.012(i). l 0. By engaging in the acts and conduct set forth in paragraphs 3 through 4 above and paragraphs 7 through 8, SG failed to provide for the assignment of duties to a qualified responsible person if the death or unavailability of a key personnel occurs in its business continuity and succession plan, which forms a basis to deny, suspend, revoke, or condition the registration of SG or censure SG pursuant to Section 305(a)(v) of the 1972 Act, 70 P.S. § l-305(a)(v), and Regulation 304.071(c)(4), 10 Pa. Code§ 304.071(c)(4). RELIEF
11. Within ninety (90) days of the Effective Date of this Order, as defined by paragraph
19, SG shall pay the Department an administrative assessment in the amount of $21,000.00. Payment shall be made by certified check or money order payable to the "Department of Banking and Securities" and shall be mailed or delivered, in person, to the Bureau of Securities Compliance and Examinations located at 17 N. Second Street, Suite 1300, Harrisburg, Pennsylvania 17101. 3

12. SG is ordered to comply with the 1972 Act, and Regulations adopted by the
Department, and in particular Regulation 304.012(a)(24), 10 Pa. Code §304.012(a)(24).
13. Should SG fail to pay the assessment as set forth in paragraph 11 above, the
sanctions set forth elsewhere in the Order shall continue in full force and effect until full payment is made. However, this provision shall not be construed as affording SG the option of either paying the assessment or being indefinitely subjected to sanctions.
14. Should SG fail to comply with any and all provisions of this Order, the Department
may impose additional sanctions and costs and seek other appropriate relief subject to SG's right to a hearing pursuant to the 1972 Act. FURTHER PROVISIONS
15. Consent. SG hereby knowingly, willingly, voluntarily and irrevocably consents to
the entry of this Order pursuant to the Bureau's authority under the 1972 Act and agrees that it understands all of the terms and conditions contained herein. SG, by voluntarily entering into this Order, waives any right to a hearing or appeal concerning the terms, conditions and/or penalties set forth in this Order.
16. Entire Agreement. This Order contains the entire agreement between the
Department and SG. There are no other terms, obligations, covenants, representations, statements, conditions, or otherwise, of any kind whatsoever concerning this Order. This Order may be amended in writing by mutual agreement by the Department and SG.
17. Binding Nature. The Department and SG, and all officers, owners, directors,
employees, heirs and assigns of SG intend to be and are legally bound by the terms of this Order. 4

18. Counsel. This Order is entered into by the parties upon full opportunity for legal
advice from legal counsel.
19. Effectiveness. SG hereby stipulates and agrees that the Order shall become
effective on the date the Bureau executes the Order ("Effective Date").
20. Other Enforcement Action.
(a) The Department reserves all of its rights, duties, and authority to enforce all statutes, rules and regulations under its jurisdiction against SG in the future regarding all matters not resolved by this Order. (b) SG acknowledges and agrees that this Order is only binding upon the Department and not any other local, state or federal agency, department or office regarding matters within this Order.
21. Authorization. The patties below are authorized to execute this Order and legally
bind their respective parties.
22. Counterparts. This Order may be executed in separate counterparts, by facsimile
and by PDF.
23. Titles. The titles used to identify the paragraphs of this document are for the
convenience of reference only and do not control the interpretation of this document.
24. Finding. The Department finds that it is necessary and appropriate in the public
interest and for the protection of investors, and consistent with the purposes fairly intended by the policy and provisions of the 1972 Act to issue this Order. 5