Regulatory Alerts2023-12-31
Added · Updated
Winter 2023 Securities Bulletin
Validea Capital Management LLC agreed to pay a $5,000 administrative fine and $250 in past due registration fees to resolve allegations of engaging an unregistered investment adviser agent. Safeguard Metals LLC and its owner Jeffrey Ikahn were permanently barred from transacting business in Connecticut and holding any licensed position in the securities or commodities industries following a federal consent order for defrauding over 450 customers. Calm River Capital LLC received a conditional investment adviser registration requiring it to restrict new clients to accredited investors, prohibit custody of client assets for three years, and retain an independent compliance consultant for two years.
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