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Maryland Financial Regulation Enforcement Actions List

The State of Maryland's Department of Labor has published a list of financial regulation enforcement actions for 2025. The list includes settlement agreements and consent orders related to collection agencies, consumer lending, and credit services. These actions are available in PDF format.

Maryland Financial Regulation Enforcement Actions 2022

The Maryland Department of Labor's Division of Financial Regulation has published a list of enforcement actions taken in 2022. These actions include consent orders and settlement agreements related to banking, mortgage assistance relief services, consumer lending, debt management, and mortgage loan originating.

Maryland Financial Regulation Enforcement Actions 2023

The Maryland Department of Labor has published its 2023 enforcement actions related to financial regulation. These actions include summary orders to cease and desist and settlement agreements and consent orders against various entities for violations in mortgage lending, credit services, and money transmission.

GS Partners, Heit, Shoto Violated Mississippi Securities Act

The Mississippi Secretary of State has issued a Cease and Desist Order against GS Partners Global, Josip Heit, and Richard L. Shoto for violating the Mississippi Securities Act. The order alleges violations related to the offer and sale of unregistered securities, specifically 'Meta Certificates', and engaging in deceptive practices to recruit investors.

Mississippi Cease and Desist Order Against Derrick L. Turner

The Mississippi Secretary of State has issued a Cease and Desist order against Derrick L. Turner for alleged violations of the Mississippi Securities Act. Turner, operating under the alias Melissa C. Wilson, is accused of defrauding a Mississippi resident out of approximately $1,500 through fraudulent cryptocurrency investment solicitations via Facebook.

Arizona Corporation Commission Closes Densco Case, Recovers $19.7M for Investors

The Arizona Corporation Commission (ACC) has closed its civil case against Densco Investment Corporation after recovering nearly $19.7 million for defrauded investors. The ACC filed the complaint in 2016 for violations of the Arizona Securities Act, stemming from misrepresentations about real estate loans.

Arizona Corporation Commission Orders $10,000 Penalty for Craigslist Securities Fraud

The Arizona Corporation Commission ordered Dean Douglas Odle and MCM AF Assets LLC to pay $10,000 in administrative penalties for violating the Securities Act. The respondents engaged in fraudulent Craigslist investment advertisements offering high returns with misrepresented risks.

ACC Orders $4.14M Restitution and Penalties for Business Automation Scheme

The Arizona Corporation Commission ordered Ryan Morgan and All Done Consulting, LLC to pay $4,143,670 in restitution and $510,000 in administrative penalties for violating the Arizona Securities Act. The order stems from a business automation scheme that defrauded 109 investors.

Union Financial Corporation - Mortgage Violations Cease and Desist Order

The Idaho Department of Finance issued a Cease and Desist Order against Union Financial Corporation for mortgage violations. The order requires the company to cease mortgage banking activities without a proper license and pay a penalty.

First Union Brokerage Services Fined $5,000 for Unlicensed Activity

The Idaho Department of Finance has fined First Union Brokerage Services, Inc. $5,000 for selling securities in Idaho without being registered as a broker-dealer or having licensed agents. The firm must also offer rescission to affected Idaho residents.

Ohio Company Fined $5,000 for Securities Violations

The Idaho Department of Finance has fined The Ohio Company $5,000 for violating the Idaho Securities Act. The company operated as an unregistered broker-dealer and used unlicensed agents to sell securities in Idaho.

ORB Industries and Charles Hight - Cease and Desist Order

The Idaho Department of Finance has issued a Cease and Desist Order against ORB Industries, Inc. and Charles C. Hight for violations of the Idaho Securities Act. The order includes a $2,500 fine and prohibits further unregistered securities offerings.

Equity One Relinquishes WV License and Ceases Lending Activities

Equity One of West Virginia, Inc. has voluntarily relinquished its consumer lender license and ceased all lending activities in West Virginia, as per an agreed order with the Division of Banking. This action follows an examination that noted apparent violations of state and federal law.

WV DFI Approves Bank Acquisition

The West Virginia Division of Financial Institutions has approved an application by Citizens Bank of West Virginia, Inc. to acquire Miners and Merchants Bank. This approval marks the final step in the acquisition process.

Budget Finance Co. Ordered to Reopen Business

The West Virginia Division of Financial Institutions has ordered Budget Finance Company to reopen its business by November 30, 2015. The company was found to have closed indefinitely without authorization, potentially violating licensing regulations.

Ultralight FS, Inc. License Revoked by Consent Order

The West Virginia Division of Financial Institutions has revoked the money transmitter license of Ultralight FS, Inc. (formerly Obopay, Inc.) via a consent order. The revocation stems from serious violations of state and federal money transmission laws discovered during an examination.

Edward D. Jones & Co., LP Consent Order and Penalty

The South Dakota Division of Securities has issued a consent order and penalty against Edward D. Jones & Co., LP. The order addresses alleged violations of state securities laws and includes a financial penalty.

Stifel Nicolaus Consent Order and Monetary Penalty

The South Dakota Division of Securities has issued a consent order against Stifel, Nicolaus & Company, Inc. The order includes a monetary penalty for alleged violations of state securities laws. This action addresses specific compliance failures identified by the regulator.

RBC Capital Markets LLC Consent Order and Penalty

The South Dakota Division of Securities issued a consent order and penalty against RBC Capital Markets LLC for alleged violations of state securities laws. The firm agreed to pay a penalty of $50,000 and implement enhanced compliance measures.

SWBC Investment Services LLC Consent Order and Penalty

The South Dakota Division of Securities has issued a consent order and penalty against SWBC Investment Services LLC. The order addresses violations related to the sale of unregistered securities and imposes a financial penalty.

LPL Financial LLC Consent Order and Monetary Penalty

The South Dakota Division of Securities has issued a consent order against LPL Financial LLC, imposing a monetary penalty. This action addresses alleged violations of state securities laws and regulations by the financial services firm.

Securities Enforcement Order - Pre-Trial Conference

The Oklahoma Securities Commission has issued an order granting a joint motion for a pre-trial conference in enforcement case CJ-25-2051. This order pertains to the procedural scheduling of the case, indicating ongoing legal proceedings.

Securities Enforcement Journal Entry

The Oklahoma Securities Department has issued a journal entry related to enforcement case CJ-25-2051. This entry documents a procedural step in an ongoing enforcement action.

Summary order and hearing notice for Baldwin

Summary order and hearing notice for Baldwin

Final Cease and Desist Order against Multigreen Properties, LLC and Randy C. Norton

The Nevada Secretary of State Securities Division issued a final cease and desist order against Multigreen Properties, LLC and Randy C. Norton. The order became final as the respondents failed to request a hearing within the statutory timeframe following a prior summary order.

Nevada Final Order to Cease and Desist against Ching Yit Lim, Susan Su, B9 Crypto

The Nevada Securities Division issued a Final Order to Cease and Desist against Ching Yit Lim, Susan Su, and B9 Crypto for alleged violations of the Nevada Uniform Securities Act. The order makes final a prior summary order after the respondents failed to request a hearing.

RJJ Pasadena Securities, Inc. - Consent Order and Penalty

The Nevada Securities Division has issued a consent order against RJJ Pasadena Securities, Inc. and Nusheen Rena Javadizadeh. The order includes a $21,000 penalty for violations including failure to properly disclose fees and obtain annual client fund verification.

Global Macro Asset Management LLC and Donald Cody Fined for Fee Disclosure Violations

The Nevada Securities Division has fined Global Macro Asset Management LLC and Donald Cody $2,950.23 for failing to properly disclose fees, resulting in client overcharges. The order resolves the administrative investigation into these activities.

NH Consent Order: Redwood Private Wealth, LLC and Thomas Space - Unsuitable Options Trades

The New Hampshire Bureau of Securities Regulation has issued a consent order against Redwood Private Wealth, LLC and Thomas Space for unsuitable options trades that resulted in an $81,426 loss for a client. The order settles the matter without admission of guilt and includes sanctions.

Moloney Securities Co. Consent Order for GWG L Bond Sales

The New Hampshire Bureau of Securities Regulation has issued a consent order against Moloney Securities Co., Inc., Glenn Cray, and Robert Gustafson regarding the sale of GWG L Bonds. The respondents have agreed to pay $100,000 in restitution to affected investors.

Fund II Consent Order and $2,500 Penalty

The New Hampshire Bureau of Securities Regulation has issued a consent order against Fund II, a series of Cambrian VC, LP, for late notice filing of securities sales. Fund II has agreed to pay a $2,500 penalty and cease and desist from further violations.

Austen Access Fund Ordered to Cease and Pay $2,500 Penalty

The New Hampshire Bureau of Securities Regulation has issued a consent order against Austen Access Fund, LP. The fund is ordered to cease and desist from further violations and pay a $2,500 penalty for filing a notice of exemption more than one year after its first sale of securities in the state.

CFPB Draft Strategic Plan FY 2026-2030 - Public Comment Invited

The Consumer Financial Protection Bureau (CFPB) has released a draft strategic plan for fiscal years 2026-2030 and is inviting public feedback. Interested parties can submit comments via email until April 17, 2026.

NYSE American Options Regulatory Fee Proposal

The NYSE American has filed a proposal to establish a new Options Regulatory Fee. This fee aims to recover costs associated with regulatory services for options trading on the exchange. The filing details the proposed fee structure and its rationale.

NYSE American Options Fee Schedule Amendment Proposal for MSCI Indices

The NYSE American has proposed an amendment to its options fee schedule concerning MSCI indices. This filing initiates a public comment period, allowing stakeholders to provide feedback on the proposed changes to options trading fees.

SEC Statement on Proposed Amendments to Rule 15c2-11 for Equity Securities

SEC Commissioner Hester M. Peirce issued a statement regarding proposed amendments to Exchange Act Rule 15c2-11, which would clarify its application solely to equity securities. The statement criticizes the prolonged and burdensome process leading to this proposal, which aims to rectify past uncertainty regarding the rule's application to fixed-income securities.

SEC Enforcement Director Margaret Ryan Resigns; Sam Waldon Named Acting Director

The Securities and Exchange Commission (SEC) announced that Margaret A. Ryan has resigned as Director of the Division of Enforcement. Principal Deputy Director Sam Waldon has been named Acting Director, effective March 16, 2026. The SEC noted progress in reprioritizing enforcement cases towards fraud and investor harm.

SEC Proposes Amendments to Exchange Act Rule 15c2-11

The SEC has proposed amendments to Exchange Act Rule 15c2-11, which governs information requirements for broker-dealers quoting securities in the OTC market. The proposed changes would clarify that the rule applies only to equity securities.

SFC Enforcement News Website Update

The Securities and Futures Commission (SFC) of Hong Kong has updated its website by adding new enforcement news publications. These updates provide access to recent enforcement actions and related information.

FCA Consultation on Modernising the Redress System

The FCA and Financial Ombudsman Service are seeking views on proposals to modernise the financial services redress framework. This consultation aims to provide greater certainty for firms and better serve consumers, with a comment deadline of May 11, 2026.

CONSOB Consultation on Issuer and Market Regulations

CONSOB has launched a market consultation on proposed amendments to regulations concerning issuers, markets, and related parties. Key changes include raising the internal dealing communication threshold and simplifying prospectus and offering procedures to reduce burdens while protecting investors. The consultation period ends on April 7, 2026.

Macquarie Securities Fined $35 Million for Short Sale Misreporting

The Supreme Court of New South Wales has ordered Macquarie Securities (Australia) Limited (MSAL) to pay a $35 million penalty for systemic failures in reporting tens of millions of short sales over more than a decade. The court also found MSAL engaged in misleading conduct related to the misreporting.

ASIC Warns Gen Z on Social Media Financial Advice Risks

ASIC has issued a warning to young Australians (Gen Z) about the risks of relying on social media and AI for financial advice. New research indicates a significant portion of Gen Z trusts these sources, leading to riskier financial decisions, particularly concerning cryptocurrency investments.

IPEC Final Rule on Freedom of Information Act and Privacy Act

The Office of the Intellectual Property Enforcement Coordinator (IPEC) has issued its final rule implementing the Freedom of Information Act (FOIA) and the Privacy Act. This rule details how to submit FOIA requests to IPEC, how IPEC processes them, and outlines IPEC's Privacy Act policies and procedures for accessing and amending records.

IPEC Correction to FOIA Privacy Act Rule

The Intellectual Property Enforcement Coordinator (IPEC) has issued a correction to a previously published rule concerning FOIA and Privacy Act provisions. This correction amends specific text related to the issuance and chapter heading within title 5 of the Code of Federal Regulations.

IPEC Proposed Rule on Freedom of Information Act and Privacy Act

The Office of the Intellectual Property Enforcement Coordinator (IPEC) is proposing new regulations to implement the Freedom of Information Act (FOIA) and the Privacy Act. The proposed rule outlines procedures for making FOIA requests and details IPEC's Privacy Act policies and procedures for accessing and amending records.

SFC Hong Kong Announces Enforcement Actions: Fines, Jailings, Asset Freezes

The SFC Hong Kong has announced multiple enforcement actions, including significant fines against EFG Bank AG ($10.85 million) and Saxo Capital Markets HK Limited ($4 million), and Kylin International (HK) Co., Limited ($9 million). Several individuals have been jailed or disqualified for offenses such as false trading and insider dealing, with asset freezes totaling over $200 million obtained in various cases.

SEC Grants DigitalBridge Waiver of Ineligible Issuer Status

The SEC's Division of Corporation Finance granted DigitalBridge Group, Inc. a waiver from being considered an "ineligible issuer" under Rule 405 of the Securities Act of 1933. This waiver is due to a prior Commission order against its subsidiary, Colony Capital Investment Advisors, LLC.

SEC No-Action Letter for Fuse Crypto Limited

The SEC's Division of Corporation Finance issued a no-action letter to Fuse Crypto Limited, stating it will not recommend enforcement action if Fuse offers and sells its Tokens without registration under the Securities Act and Exchange Act. This guidance is based on the specific facts presented in Fuse's request.

SEC No-Action Letter: MegPrime Holding LLC Token Offering

The SEC's Division of Corporation Finance issued a no-action letter to MegPrime Holding LLC regarding its token offering. The Division stated it would not recommend enforcement action if MegPrime proceeds with the offering as described, without registration under the Securities Act or Exchange Act.