2014

Pennsylvania Banking and Securities Department Announces Quarterly Report on Public Enforcement Orders

HARRISBURG, Pa., Jan. 9, 2014 /PRNewswire-USNewswire/ -- The Department of Banking and Securities issued 18 public enforcement orders during the fourth quarter of 2013. Final orders included fines, assessments and repaid costs of $483,460, including:

  • Nine Consent Agreements and Orders issued for unlicensed loan activity;
  • Two Consent Agreements and Orders for failure to comply with provisions of the Mortgage Licensing Act;
  • Four Consent Agreements and Orders issued for violations of the Pennsylvania Securities Act of 1972; and
  • One Consent Agreement and Order issued resulting in a permanent bar from the Pennsylvania securities industry for violations of the Pennsylvania Securities Act of 1972.

The department also issued two Orders to Show Cause for violations of the Pennsylvania Securities Act of 1972.

Comprehensive lists of public enforcement orders administered by the Department of Banking and Securities are available online at www.dobs.state.pa.us.

Consumers can make inquiries or file a complaint against any company or individual regulated or licensed by the Department of Banking and Securities online or by calling 1-800-PA-BANKS (800-722-2657). Investors are invited to learn more on Facebook at: www.facebook.com/PAInvestorEducation.

Media contact: Ed Novak, 717-783-4721

SOURCE Pennsylvania Department of Banking and Securities



RELATED LINKS
www.dobs.state.pa.us

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