Regulatory Alerts2025-10-17
Added · Updated
Stipulation and Agreement with Osaic Wealth, Inc. Regarding Unregistered Investment Adviser Agent
Osaic Wealth, Inc. has entered into a Stipulation and Agreement with the Connecticut Banking Commissioner to settle violations of the Connecticut Uniform Securities Act for engaging an unregistered investment adviser agent. The settlement requires Osaic to pay a total of $8,000, comprising a $7,500 administrative fine and $500 in past due registration fees, and mandates that the firm refrain from future violations of the Act. This agreement resolves the matter in lieu of administrative proceedings, with the Commissioner retaining the right to take enforcement action if compliance with the terms is not observed.
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