Investment Advisory Services
Kiso Capital, LPAbout
This business has 1 alert
Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:DFPI vs Kiso Capital
On April 12, 2024, the Commissioner issued the following actions and orders (collectively, Orders): (1) Accusation in Support of Order Suspending Damon Doe for a Period of 12 months from any Position of Employment, Management or Control of any Investment Adviser, Broker-Dealer or Commodity Adviser; (2) Desist and Refrain Order and Claim for Ancillary Relief; and (3) Notice of Intent to Issue Order Leving Administrative Penalties and Statement in Support.
KCM and Doe timely requested a hearing to challenge the Orders and a hearing is currently set to be held at the Office of Administrative Hearings on November 12 and 13, 2024. The Commissioner, KCM, and Doe now intend to resolve this matter amicably without the necessity of a hearing or other litigation.
KCM, by entering into this Agreement, neither admits nor denies the Commissioner’s findings as stated in the Department’s Order. Doe, by entering into this Agreement, neither admits nor denies the Commissioner's findings in the Orders.
KCM and Doe agree to pay to the Commissioner disgorgement in the amount of ninety six thousand five hundred and thirty five dollars ($96,535.00) (Disgorgement) as follows: one (1) payment of twenty four thousand five hundred and thirty five dollars ($24,535.00) shall be made on or before December 31, 2024; and four (4) equal payments eighteen thousand dollars ($18,000.00) shall be made on or before the following dates, February 28, 2025, May 31, 2025, August 31, 2025, and November 30, 2025.
Business Details
- Local BBB:
- BBB of Los Angeles & Silicon Valley
- BBB File Opened:
- 1/12/2023
Licensing information
This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
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- Business Categories
- Investment Advisory Services
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