Regulatory Alerts2026-08-03
Added
Paul Fair Associates, LLC
Paul Fair Associates, LLC is required to pay an administrative assessment of $2,500.00 for failing to establish, implement, and maintain written procedures for a business continuity and succession plan. The payment must be made by certified check or money order payable to the Department of Banking and Securities on or before August 15, 2026. This order arises from violations of Section 305(a)(v) of the 1972 Act and Regulation 304.071(a).
- Respondent Paul Fair Associates, LLC ("Respondent PFA"), CRD # 138982, was, at all material times herein, a Pennsylvania limited Jiability company with an address at Redacted
- From on or about June 2000 to the present, Respondent PFA was 1·egistered pursuant to Section 30l(c) of the 1972 Act, 70 P.S. § 1�30l(c), as an investment adviser.
- At all times material he1·ein, Respondent PFA did not have a business continuity and succession plan that provided for an assignment of duties to a qualified and responsible person if the death or unavailability of key personnel occurred. VIOLATION
- By engaging in the acts and conduct set forth in paragraphs 3 thl'ough 5 above, Respondent PFA failed to establish, implement, and maintain written procedures relating to a business continuity and succession plan, which acts and conduct form a basis to deny, suspend, revoke, or condition the registration of Respondent PFA or censure Respondent PFA pursuant to Section 305(a)(v) of the 1972 Act> 70 P.S. § l-305(a)(v), and Regulation 304.07l(a), 10Pa. Code § 304.071(a). RELIEF
- PFA shall pay the Department an administrative assessment in the amount of $2,500.00. Payment shall be made by certified check or money order made 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. The assessment shall be paid on or before August 15, 2026.
- This Order is not intended to indicate that PFA or any of its affiliates or current or former employees should be subject to any disqualification contained in the federal securities laws, 2
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