Regulatory Alerts2025-06-30
Added · Updated
Summer 2025 Securities Bulletin
Public Act No. 25-85 creates a broker-dealer registration exemption for merger and acquisitions broker-dealers facilitating private company control changes and imposes a $250 notice filing requirement for Regulation A Tier 2 offerings, due 21 days prior to initial sales. The legislation also expands the Commissioner's enforcement powers to censure or bar registrants and control persons. The bulletin details administrative actions, including notices of intent to revoke registrations for SWCD LLC and Growthpoint Technology Partners, a default revocation for Radius Securities, and a stop order for Anchored Tiny Homes Franchising LLC. Additionally, it records consent orders and stipulations involving fines, bars, and restitution for entities such as Ian Michael Pierce, CFIG Investment Advisory Services, The Cheetah Fund, Spruce Investment Advisors, Hudson Harper Capital, Metric Financial, and 1 Main Capital Management.