Business ProfileforKeswick Financial Group, Inc

All CFL licensees were required to transition to the Nationwide Multistate Licensing System and Registry (NMLS) by December 31, 2021. On December 16, 2021, Complainant extended the deadline to transition to NMLS to March 15, 2022. On March 7, 2022, Complainant again extended the deadline to transition to NMLS to March 31, 2022. 

Complainant provided notice of this requirement to Respondent – via email to the Designated Email Address of each CFL licensee on July 20, 2021, September 16, 2021, October 14, 2021, November 8, 2021, and December 16, 2021. Complainant also provided notice via email to each CFL licensee that had not yet transitioned to NMLS, including Respondent, on March 7, 2022, and again via email and mail on March 28, 2022. Complainant provided further notice of this requirement over the telephone – Complainant made at least two calls to the designated telephone number provided by each CFL licensee, including Respondent – between February 1 and March 15, 2022. 

Complainant determined that Respondent was in violation of Regulation 1422.4 and had not transitioned management of its CFL license(s) to NMLS as of July 29, 2022. Accordingly, Complainant issued a Citation on that date pursuant to Financial Code section 22707.5, subdivision (a). The Citation included an order to correct the violation and an order to pay an administrative fine in the amount of $2,500.00 to the Commissioner by September 27, 2022.  

Complainant served the Citation on Respondent via certified mail on July 27, 2022 and by electronic mail at Respondent’s Designated Email Address on July 29, 2022. To date, Respondent has neither complied with the order to correct the violation by transitioning its license to NMLS nor paid the administrative fine. Respondent shall complete the transition of its license to NMLS, respondent shall pay an administrative penalty of $2,500.00 no later than 30 days after the effective date of this Consent Order.

All CFL licensees were required to transition to the Nationwide Multistate Licensing System and Registry (NMLS) by December 31, 2021. On December 16, 2021, Complainant extended the deadline to transition to NMLS to March 15, 2022. On March 7, 2022, Complainant again extended the deadline to transition to NMLS to March 31, 2022. 

Complainant provided notice of this requirement to Respondent – via email to the Designated Email Address of each CFL licensee on July 20, 2021, September 16, 2021, October 14, 2021, November 8, 2021, and December 16, 2021. Complainant also provided notice via email to each CFL licensee that had not yet transitioned to NMLS, including Respondent, on March 7, 2022, and again via email and mail on March 28, 2022. Complainant provided further notice of this requirement over the telephone – Complainant made at least two calls to the designated telephone number provided by each CFL licensee, including Respondent – between February 1 and March 15, 2022. 

Complainant determined that Respondent was in violation of Regulation 1422.4 and had not transitioned management of its CFL license(s) to NMLS as of July 29, 2022. Accordingly, Complainant issued a Citation on that date pursuant to Financial Code section 22707.5, subdivision (a). The Citation included an order to correct the violation and an order to pay an administrative fine in the amount of $2,500.00 to the Commissioner by September 27, 2022.  

Complainant served the Citation on Respondent via certified mail on July 27, 2022 and by electronic mail at Respondent’s Designated Email Address on July 29, 2022. To date, Respondent has neither complied with the order to correct the violation by transitioning its license to NMLS nor paid the administrative fine. Respondent shall complete the transition of its license to NMLS, respondent shall pay an administrative penalty of $2,500.00 no later than 30 days after the effective date of this Consent Order.