Consent Order Entered Resolving Unregistered Activity

Aug 6

The State Securities Board and Solium Financial Services, LLC resolved the firm’s unregistered dealer activity over an extended period of time with the entry of a consent order. Solium agreed to comply with the provisions of Section 12.A of the Texas Securities Act.

This matter was the result of the coordinated work of Texas and multiple other state regulators as members of the North American Securities Administrators Association. The firm provided state securities regulators with substantial cooperation to resolve the registration matter and Solium will deposit $46,000 to the Texas general revenue fund.