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The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On August 14, 2024 the business entered into an Offer of Settlement with the Securities and Exchange Commission. The Offer of Settlement settles allegations that the business:
-Sent and received off-channel communications on personal devices that were records required to be maintained under the Section 17(a) of the Exchange Act and Rule 17a-4(b)(4) and or Advisers Act and Rule 204-2(a)(7).
-Failure to reasonably supervise its personnel within the meaning of Section 15(b)(4)(E) of the Exchange Act and Section 203(e)(6) of the Advisers Act.
Under the terms of the Offer of Settlement, the business agreed to the following sanctions:
-Cease and desist from committing or causing any violations and any future violations of Section 17(a) of the Exchange Act and Rule 17a-4 thereunder.
-Cease and desist from committing or causing any violations and any future violations of Section 204 of the Advisers Act and Rule 204-2 thereunder.
-The business is censured.
-The business shall pay a civil money penalty in the amount of $4,500,000 to the Securities and Exchange Commission.
The Offer of Settlement was for settlement purposes only and should not be considered as an admission of guilt or finding violation of the law. For more details go to https://www.sec.gov/newsroom/press-releases/2024-98?utm_medium=email&utm_source=govdelivery.
At-a-glance
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Business Details
This is a multi-location business.
- Location of This Business
- 11000 Spain Rd NE Ste E, Albuquerque, NM 87111-1895
- BBB File Opened:
- 8/10/2016
- Business Management
- Mr. Pavlos Panagopoulos
- Contact Information
Customer Contact
- Mr. Pavlos Panagopoulos
- Additional Contact Information
Fax Numbers
- (505) 872-2998Primary Fax
- (505) 872-2998
Customer Complaints
0 Customer Complaints
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