Regulatory Alerts2021-11-19
Added · Updated
Order to Cease and Desist, Order to Make Restitution, and Notice of Intent to Fine Against Endeavor Global Partners Corp., Endeavor Global Partners (HK) Ltd., and David Manning Fresne
The Banking Commissioner orders Endeavor Global Partners Corp., Endeavor Global Partners (HK) Ltd., and David Manning Fresne to cease and desist from offering and selling unregistered securities in Connecticut and from engaging in fraudulent conduct. The Respondents are required to reimburse an investor $500,000 plus legal interest within thirty days of the order becoming permanent, with proof of payment due within forty-five days. The Commissioner intends to impose a fine of up to $100,000 per violation, with a hearing scheduled for January 11, 2021, if requested within fourteen days of receipt.
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