Regulatory Alerts2023-11-17
Added · Updated
Order Conditioning Registration of Calm River Capital LLC as an Investment Adviser
The Connecticut Banking Commissioner imposes three-year restrictions on Calm River Capital LLC due to its principals' lack of required securities industry experience. The firm is prohibited from holding client custody, must limit advisory services to accredited investors, and must notify new clients of its restricted status. Additionally, the firm must retain an independent compliance consultant for two years and ensure its principals complete specific continuing education within twelve months.
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