Investment Advisory Services
Linn Wealth ManagementInformation and Alerts
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Alert Details
This business has 1 alert.
Government Actions
Gov. Action
As of March 30, 2019, the California Department of Business Oversight entered into a Settlement Agreement with Jordan A. Linn Investment Advisory Services, LLC of Aventura, Florida for failure to submit for examination before the Commissioner in accordance with the Corporate Securities Law of 1968.
On or about March 14, 2018, the Commissioner notified Linn that Linn must designate an email address to receive an online examination form. In response to the Commissioner's notification, Linn designated an email address to receive the online examination form.
On or about October 2, 2018, the Commissioner sent the online examination to Linn to the email address designated by Linn. The Commissioner informed Linn that the online examination must be completed and submitted by November 16, 2018.
The Commissioner sent four notices, October 15, 2018, October 26, 2018, November 5, 2018, and November 12, 2018, reminding Linn of the November 16, 2018 deadline to complete and submit the online examination.
Despite the Commissioner's efforts, Linn failed to timely complete and submit the online examination by the November 16, 2018 deadline.
On December 11, 2018, Linn submitted its online examination.
The Commissioner finds that entering into this Consent Order is necessary, in the public interest, for the protection of investors and consistent with the purposes, policies, and provisions of the Corporate Securities Law of 1968.
Linn shall pay an administrative penalty of $2,500.00 no later than 30 days after the effective date of this Consent Order as defined in paragraph 17.
Full and Final Resolution. Except as stated in paragraph 4, this Consent Order is intended to constitute a full and final resolution of the matter described in it. The Commissioner violations by Linn that do not form the basis for this Consent Order, including violations knowingly concealed from the Commissioner will not bring any further action or proceeding concerning the matter unless the Commissioner discovers
Voluntary Agreement. Linn hereby enters in this Consent Order voluntarily and without coercion and acknowledges that no promises, threats, or assurances have been made by the Commissioner or any officer, or agent thereof, about this Consent Order
For further information please contact:
Department of Business Oversight
320 West 4th Street, Suite 750
Los Angeles, California 90013
Telephone: (213) 576-7683
Facsimile: (213) 576-7181
Link:
http://dbo.ca.gov/Press/press_releases/default.asp
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