Assets under management Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Private Funds
Private funds reported by Calton & Associates, Inc..
Employee Growth by Quarter
Quarterly points use the latest ADV filing or SEC roster snapshot available in each quarter.
Historical AUM and employee figures reflect available SEC Form ADV filings under this CRD. Filing gaps may reflect registration status changes, dormant periods, state registration periods, firm restructuring, or other reporting changes. Rialytix does not interpolate missing periods.
Ownership
Reported direct and indirect ownership ranges
Reported ownership ranges
Highlighted bands show the percentage range reported in Form ADV.
Bars represent the reported range at that individual ownership step, not an estimated percentage of the advisory firm. Indirect relationships may refer to intermediate entities rather than directly to Calton & Associates, Inc...
No indirect ownership information reported in the source’s Schedule B.
Reported ownership and control details
Form ADV · Filing date 2026-08-06 · Schedules A and B
| # | Owner / person & role | Interest in entity | Reported interest | Control person | Title / status acquired | Source |
|---|---|---|---|---|---|---|
| 1 | DWAYNE KENT CALTONPRESIDENT - DIRECTORIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | Yes | PRESIDENT - DIRECTOR09/1987 | Schedule APDF page 36 |
| 2 | DEREK JAY CALTONVICE PRESIDENT - DIRECTORIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | Yes | VICE PRESIDENT - DIRECTOR12/1997 | Schedule APDF page 36 |
| 3 | RANDALL LEE CICCATICEO / DIRECTORIndividual | CALTON & ASSOCIATES, INC. | 50% to less than 75%Code D | Yes | CEO / DIRECTOR06/2014 | Schedule APDF page 36 |
| 4 | RANDALL LEE CICCATISHAREHOLDERIndividual | CALTON & ASSOCIATES, INC. | 50% to less than 75%Code D | Yes | SHAREHOLDER09/2012 | Schedule APDF page 36 |
| 5 | JILL MARIE CICCATISHAREHOLDERIndividual | CALTON & ASSOCIATES, INC. | 5% to less than 10%Code A | No | SHAREHOLDER03/2016 | Schedule APDF page 36 |
| 6 | RAMESHWAR SINGHSHAREHOLDERIndividual | CALTON & ASSOCIATES, INC. | 25% to less than 50%Code C | Yes | SHAREHOLDER05/2014 | Schedule APDF page 36 |
| 7 | AUSTIN LOUIS CICCATISHAREHOLDERIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | No | SHAREHOLDER05/2014 | Schedule APDF page 36 |
| 8 | CARLY MARIE CICCATISHAREHOLDERIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | No | SHAREHOLDER05/2014 | Schedule APDF page 36 |
| 9 | RAMESHWAR SINGHDIRECTOR / SECRETARY /PRESIDENT OF ADVISORY SERVICESIndividual | CALTON & ASSOCIATES, INC. | 25% to less than 50%Code C | Yes | DIRECTOR / SECRETARY /PRESIDENT OF ADVISORY SERVICES12/2014 | Schedule APDF page 36 |
| 10 | THE LOUIS CICCATI AND ADELINE CARMELA CICCATI REVOCABLE TRUSTSHAREHOLDER, LOUIS CICCATI AND ADELINE CARMELA CICCATI, TTEEDomestic entity | CALTON & ASSOCIATES, INC. | 5% to less than 10%Code A | No | SHAREHOLDER, LOUIS CICCATI AND ADELINE CARMELA CICCATI, TTEE07/2017 | Schedule APDF page 36 |
| 11 | ADELINE CARMELA CICCATITRUSTEE OF THE LOUIS CICCATI AND ADELINE CARMELA CICCATI REVOCABLE TRUSTIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | No | TRUSTEE OF THE LOUIS CICCATI AND ADELINE CARMELA CICCATI REVOCABLE TRUST07/2017 | Schedule APDF page 36 |
| 12 | PAUL REID RICHARDSONCHIEF OPERATIONS OFFICERIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | Yes | CHIEF OPERATIONS OFFICER10/2020 | Schedule APDF page 36 |
| 13 | SAAD RAHMOUNI IDRISSICHIEF COMPLIANCE OFFICERIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | Yes | CHIEF COMPLIANCE OFFICER01/2023 | Schedule APDF page 36 |
| 14 | DAVID SCOTT COLECHIEF FINANCIAL OFFICER/FINOPIndividual | CALTON & ASSOCIATES, INC. | Less than 5%Code NA | Yes | CHIEF FINANCIAL OFFICER/FINOP05/2025 | Schedule APDF page 36 |
Less than 5% may include zero. Code F identifies a role without specifying a percentage. Reported interests may overlap and may not include every owner. Total indirect ownership is not calculated.
Compliance & Disclosures
Filing dated 8/6/2026 6:29:13 PM
Responses were selected by the RIA in its filing. Questions are shortened for readability; “you” refers to the reporting firm, and some questions also cover advisory affiliates.
AFelonies2 No
In the past ten years, have you or any advisory affiliate:
- A1Been convicted of or pleaded guilty or no contest to a felony?No
- A2Been charged with a felony?No
BMisdemeanors2 No
In the past ten years, have you or any advisory affiliate:
- B1Been convicted of or pleaded guilty or no contest to a misdemeanor involving investments, an investment-related business, fraud, false statements or omissions, wrongful taking of property, bribery, perjury, forgery, counterfeiting, or extortion?No
- B2Been charged with a misdemeanor of the kind listed above?No
CSEC or CFTC actions4 Yes1 No
Has the SEC or CFTC ever:
- C1Found you or an advisory affiliate made a false statement or omission?Yes
- C2Found you or an advisory affiliate violated SEC or CFTC regulations or statutes?Yes
- C3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- C4Entered an order against you or an advisory affiliate in connection with investment-related activity?Yes
- C5Imposed a civil money penalty on you or an advisory affiliate, or ordered you or an advisory affiliate to cease and desist from any activity?Yes
DOther regulatory actions2 Yes3 No
Has any other federal regulatory agency, state regulatory agency, or foreign financial regulatory authority ever:
- D1Found you or an advisory affiliate made a false statement or omission, or was dishonest, unfair, or unethical?No
- D2Found you or an advisory affiliate violated investment-related regulations or statutes?Yes
- D3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- D4In the past ten years, entered an order against you or an advisory affiliate in connection with investment-related activity?Yes
- D5Denied, suspended, or revoked your or an advisory affiliate’s registration or license, or otherwise prevented association with an investment-related business or restricted activities?No
ESelf-regulatory organization actions1 Yes3 No
Has a self-regulatory organization or commodities exchange ever:
- E1Found you or an advisory affiliate made a false statement or omission?No
- E2Found you or an advisory affiliate violated its rules, other than a violation designated as a minor rule violation under an SEC-approved plan?Yes
- E3Found you or an advisory affiliate caused an investment-related business to have its authorization to do business denied, suspended, revoked, or restricted?No
- E4Disciplined you or an advisory affiliate by expulsion, suspension, barring association with other members, or otherwise restricting activities?No
FProfessional authorizations1 No
- FHas an authorization to act as an attorney, accountant, or federal contractor granted to you or an advisory affiliate ever been revoked or suspended?No
GPending regulatory proceedings1 No
- GAre you or any advisory affiliate now the subject of a regulatory proceeding that could result in a “Yes” answer to any part of C, D, or E?No
HCivil judicial actions and proceedings4 No
(1) Court actions
Has a domestic or foreign court:
- H(1)(a)In the past ten years, enjoined you or an advisory affiliate in connection with investment-related activity?No
- H(1)(b)Found that you or an advisory affiliate violated investment-related statutes or regulations?No
- H(1)(c)Dismissed, pursuant to a settlement agreement, an investment-related civil action brought against you or an advisory affiliate by a state or foreign financial regulatory authority?No
(2) Pending civil proceedings
- H(2)Are you or any advisory affiliate now the subject of a civil proceeding that could result in a “Yes” answer to any part of H(1)?No
Additional DRP filings 7 source blocks
Verbatim excerpts from supporting DRP filings, which may concern the firm or advisory affiliates. Amounts retain their filed labels; no total or attribution is inferred.
regulatory · block 1PDF pages 37–39
- Regulator name — filed text
- US SECURITIES AND EXCHANGE COMMISSION
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
CALTON SELF-REPORTED TO THE SEC PURSUANT TO THE SHARE CLASS SELECTION DISCLOSURE INITIATIVE. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CALTON CONSENTED TO AN ORDER. THE ORDER MADE FINDINGS AND IMPOSED REMEDIAL SANCTIONS. CALTON WAS CENSURED AND ORDERED TO: 1) CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTIONS 206(2) AND 207 OF THE INVESTMENT ADVISERS ACT OF 1940; 2 ) PAY DISGORGEMENT AND PREJUDGMENT INTEREST TO AFFECTED INVESTORS; 3) REVIEW AND CORRECT (AS NECESSARY) ALL RELEVANT DISCLOSURE DOCUMENTS AND ALL POLICIES AND PROCEDURES CONCERNING MUTUAL FUND SHARE CLASS SELECTION AND 12B-1 FEES; AND 4) NOTIFY AFFECTED INVESTORS OF THE SETTLEMENT TERMS OF THE ORDER. CALTON DEPOSITED THE FULL DISGORGEMENT AMOUNT PLUS PREJUDGMENT INTEREST IN ESCROW WITHIN 10 DAYS OF THE ORDER.
Other filed details
Description of allegations — filed text
BREACH OF FIDUCIARY DUTY AND INADEQUATE DISCLOSURE IN CONNECTION WITH MUTUAL FUND SHARE CLASS SELECTION PRACTICES AND FEES RECEIVED UNDER RULE 12B-1 OF THE INVESTMENT COMPANY ACT OF 1940. CALTON FAILED TO ADEQUATELY DISCLOSE TO CLIENTS CONFLICTS OF INTEREST RELATING TO CALTON'S RECEIPT OF 12B-1 FEES AND/OR SELECTION OF MUTUAL FUND SHARE CLASSES THAT PAY SUCH FEES. DURING THE RELEVANT TIME PERIOD, CALTON CHARGED 12B-1 FEES WHEN LOWER COST SHARE CLASSES OF THOSE SAME FUNDS WERE AVAILABLE. DURING THE RELEVANT TIME PERIOD, CALTON RECEIVED 12B-1 FEES FOR ADVISING CLIENTS TO INVEST IN OR HOLD MUTUAL FUND SHARE CLASSES.
Sanction detail — filed text
DISGORGEMENT AMOUNT: $278,157.85 PLUS PREJUDGMENT INTEREST OF $26,886.76 ($305,044.61 TOTAL) UNDERTAKINGS: CALTON WAS ORDERED TO REVIEW AND CORRECT (AS NECESSARY) ALL RELEVANT DISCLOSURE DOCUMENTS AND ALL POLICIES AND PROCEDURES CONCERNING MUTUAL FUND SHARE CLASS SELECTION AND 12B-1 FEES, AND NOTIFY AFFECTED INVESTORS OF THE SETTLEMENT TERMS OF THE SEC'S ORDER.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) US SECURITIES AND EXCHANGE COMMISSION 2. Principal Sanction: Cease and Desist Other Sanctions: CENSURE, DISGORGEMENT 3. Date Initiated (MM/DD/YYYY): 03/11/2019 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: SEC ADMIN. PROCEEDING FILE NO. 3-19073 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Mutual Fund(s) Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): BREACH OF FIDUCIARY DUTY AND INADEQUATE DISCLOSURE IN CONNECTION WITH MUTUAL FUND SHARE CLASS SELECTION PRACTICES AND FEES RECEIVED UNDER RULE 12B-1 OF THE INVESTMENT COMPANY ACT OF 1940. CALTON FAILED TO ADEQUATELY DISCLOSE TO CLIENTS CONFLICTS OF INTEREST RELATING TO CALTON'S RECEIPT OF 12B-1 FEES AND/OR SELECTION OF MUTUAL FUND SHARE CLASSES THAT PAY SUCH FEES. DURING THE RELEVANT TIME PERIOD, CALTON CHARGED 12B-1 FEES WHEN LOWER COST SHARE CLASSES OF THOSE SAME FUNDS WERE AVAILABLE. DURING THE RELEVANT TIME PERIOD, CALTON RECEIVED 12B-1 FEES FOR ADVISING CLIENTS TO INVEST IN OR HOLD MUTUAL FUND SHARE CLASSES. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 03/11/2019 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: UNDERTAKINGS Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: DISGORGEMENT AMOUNT: $278,157.85 PLUS PREJUDGMENT INTEREST OF $26,886.76 ($305,044.61 TOTAL) UNDERTAKINGS: CALTON WAS ORDERED TO REVIEW AND CORRECT (AS NECESSARY) ALL RELEVANT DISCLOSURE DOCUMENTS AND ALL POLICIES AND PROCEDURES CONCERNING MUTUAL FUND SHARE CLASS SELECTION AND 12B-1 FEES, AND NOTIFY AFFECTED INVESTORS OF THE SETTLEMENT TERMS OF THE SEC'S ORDER. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). CALTON SELF-REPORTED TO THE SEC PURSUANT TO THE SHARE CLASS SELECTION DISCLOSURE INITIATIVE. WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CALTON CONSENTED TO AN ORDER. THE ORDER MADE FINDINGS AND IMPOSED REMEDIAL SANCTIONS. CALTON WAS CENSURED AND ORDERED TO: 1) CEASE AND DESIST FROM COMMITTING OR CAUSING ANY VIOLATIONS AND ANY FUTURE VIOLATIONS OF SECTIONS 206(2) AND 207 OF THE INVESTMENT ADVISERS ACT OF 1940; 2 ) PAY DISGORGEMENT AND PREJUDGMENT INTEREST TO AFFECTED INVESTORS; 3) REVIEW AND CORRECT (AS NECESSARY) ALL RELEVANT DISCLOSURE DOCUMENTS AND ALL POLICIES AND PROCEDURES CONCERNING MUTUAL FUND SHARE CLASS SELECTION AND 12B-1 FEES; AND 4) NOTIFY AFFECTED INVESTORS OF THE SETTLEMENT TERMS OF THE ORDER. CALTON DEPOSITED THE FULL DISGORGEMENT AMOUNT PLUS PREJUDGMENT INTEREST IN ESCROW WITHIN 10 DAYS OF THE ORDER.
regulatory · block 2PDF pages 39–40
- Regulator name — filed text
- FLORIDA DIVISION OF SECURITIES AND INVESTORSPROTECTION
- Monetary/Fine Amount — filed text
- $ 5,000.00
- How was matter resolved — filed text
- Stipulation and Consent
Action status / disposition — filed text
AN ASSOCIATED PERSON PLACED AN AD IN THE YELLOW PAGES AND WAS NOT REGISTERED AS A BRANCH OFFICE. ORDER ISSUED ACCEPTING THE STIPULATION AND CONCENT AGREEMENT.
Other filed details
Description of allegations — filed text
THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ALLEGES THAT CALTON & ASSOCIATES, INC. CONDUCTED SECURITIES BUSINESS FROM A BRANCH OFFICE LOCATION IN FLORIDA WITHOUT BENEFIT OF LAWFUL REGISTRATION.
Sanction detail — filed text
THE FINAL ORDER INCORPORATED THE STIPULATION AND CONSENT AGREEMENT DATED 05/05/1998 IN WHICH CALTON & ASSOCIATES NEITHER ADMITTED OR DENIED BUT CONSENTED TO THE ENTRY OF A FINDING BY THE DEPARTMENT THAT AN ASSOCIATED PERSON CONDUCTED A SECURITIES BUSINESS THROUGH AN UNREGISTERED BRANCH OFFICE. PURSUANT TO THE AGREEMENT, CALTON & ASSOCIATES AGREED TO CEASE AND DESIST ALL PRESENT AND FUTURE VIOLATIONS OF CHAPTER 517,F.S AND THE RULES PROMULGATED THEREUNDER AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $5,000. THE DEPARTMENT AGREED TO APPROVE THE APPLICATIONS FILED BY CALTON & ASSOCIATES FOR REGISTRATION OF BRANCH OFFICES IN FLORIDA.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FLORIDA DIVISION OF SECURITIES AND INVESTORSPROTECTION 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 05/08/1998 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2657-S-4/98 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): THE FLORIDA DEPARTMENT OF BANKING AND FINANCE ALLEGES THAT CALTON & ASSOCIATES, INC. CONDUCTED SECURITIES BUSINESS FROM A BRANCH OFFICE LOCATION IN FLORIDA WITHOUT BENEFIT OF LAWFUL REGISTRATION. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Stipulation and Consent 11. Resolution Date (MM/DD/YYYY): 05/08/1998 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 5,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: THE FINAL ORDER INCORPORATED THE STIPULATION AND CONSENT AGREEMENT DATED 05/05/1998 IN WHICH CALTON & ASSOCIATES NEITHER ADMITTED OR DENIED BUT CONSENTED TO THE ENTRY OF A FINDING BY THE DEPARTMENT THAT AN ASSOCIATED PERSON CONDUCTED A SECURITIES BUSINESS THROUGH AN UNREGISTERED BRANCH OFFICE. PURSUANT TO THE AGREEMENT, CALTON & ASSOCIATES AGREED TO CEASE AND DESIST ALL PRESENT AND FUTURE VIOLATIONS OF CHAPTER 517,F.S AND THE RULES PROMULGATED THEREUNDER AND TO PAY AN ADMINISTRATIVE FINE IN THE AMOUNT OF $5,000. THE DEPARTMENT AGREED TO APPROVE THE APPLICATIONS FILED BY CALTON & ASSOCIATES FOR REGISTRATION OF BRANCH OFFICES IN FLORIDA. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). AN ASSOCIATED PERSON PLACED AN AD IN THE YELLOW PAGES AND WAS NOT REGISTERED AS A BRANCH OFFICE. ORDER ISSUED ACCEPTING THE STIPULATION AND CONCENT AGREEMENT.
regulatory · block 3PDF pages 40–42
- Regulator name — filed text
- ARIZONA CORPORATION COMMISSION
- Monetary/Fine Amount — filed text
- $ 5,000.00
- How was matter resolved — filed text
- Consent
Action status / disposition — filed text
DENNIS RYAN WAS CUSTODIAN FOR HIS MINOR DAUGHTER'S ACCOUNT. THE STATE OF ARIZONA FELT HE INVESTED SOME OF THESE FUNDS IMPROPERLY.
Other filed details
Description of allegations — filed text
FAILURE TO REASONABLY SUPERVISE A REPRESENTATIVE WITH THE VIEW OF PREVENTING VIOLATIONS OF THE ARIZONA SECURITIES ACT.
Sanction detail — filed text
WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CALTON & ASSOCIATES CONSENTED TO THE ENTRY OF AN ORDER THAT THE FIRM FAILED TO REASONABLY SUPERVISE A SALESMAN AND PAID A $5,000. PENALTY
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) ARIZONA CORPORATION COMMISSION 2. Principal Sanction: Other Other Sanctions: FINE IN THE AMOUNT OF $5,000. 3. Date Initiated (MM/DD/YYYY): 07/17/1996 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: S-3122-I 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): FAILURE TO REASONABLY SUPERVISE A REPRESENTATIVE WITH THE VIEW OF PREVENTING VIOLATIONS OF THE ARIZONA SECURITIES ACT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Consent 11. Resolution Date (MM/DD/YYYY): 07/17/1996 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 5,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: WITHOUT ADMITTING OR DENYING THE ALLEGATIONS, CALTON & ASSOCIATES CONSENTED TO THE ENTRY OF AN ORDER THAT THE FIRM FAILED TO REASONABLY SUPERVISE A SALESMAN AND PAID A $5,000. PENALTY 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). DENNIS RYAN WAS CUSTODIAN FOR HIS MINOR DAUGHTER'S ACCOUNT. THE STATE OF ARIZONA FELT HE INVESTED SOME OF THESE FUNDS IMPROPERLY.
regulatory · block 4CALTON, DWAYNE KENTPDF pages 42–44
- Advisory affiliate name — filed text
- CALTON, DWAYNE KENT
- Regulator name — filed text
- FLORIDA DIVISION OF SECURITIES AND INVESTORS PROTECTION
- Monetary/Fine Amount — filed text
- $ 1,500.00
- How was matter resolved — filed text
- Stipulation and Consent
Action status / disposition — filed text
CALTON & ASSOCIATES, INC. SOLD REG-D SECURITIES TO TWO FLORIDA RESIDENTS. THESE SECURITIES WERE INITIALLY EXEMPT FROM FLORIDA REGISTRATION. AFTER OUR TWO SALES THE GENERAL PARTNERS APPARANTLY ACCEPTED MORE THAN 35 NON-ACCREDITED INVESTORS INTO THE PROGRAM. ALTHOUGH WE COULD NOT HAVE KNOWN IN ADVANCE THAT THIS WOULD OCCUR, FLORIDA ASKED US TO PAY A $1,500. FINE AND WE ACCEPTED. WE BELIEVE THE CASE # ON OUR U6 IS INCORRECT. PLEASE CALL BILL REILLY TO CONFIRM (850)410-9805
Other filed details
Description of allegations — filed text
CALTON & ASSOCIATES SOLD UNREGISTERED SECURITIES AND FAILED TO PROPERLY SUPERVISE AN AGENT.
Sanction detail — filed text
CALTON & ASSOCIATES AGREED TO A STIPULATION AND CONSENT AGREEMENT AND TO PAY A $1,500. FEE FOR ADMINISTRATIVE COSTS. THE FEE WAS PAID IN FULL ON 12/24/1998 PAYABLE TO THE SECURITIES ANTI-FRAUD TRUST FUND.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE CRD Number: 501638 This advisory affiliate is a Firm an Individual Registered: Yes No Name: CALTON, DWAYNE KENT (For individuals, Last, First, Middle) This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FLORIDA DIVISION OF SECURITIES AND INVESTORS PROTECTION 2. Principal Sanction: Other Sanctions: 3. Date Initiated (MM/DD/YYYY): 12/09/1998 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2808-S-7/98 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: REG-D 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): CALTON & ASSOCIATES SOLD UNREGISTERED SECURITIES AND FAILED TO PROPERLY SUPERVISE AN AGENT. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Stipulation and Consent 11. Resolution Date (MM/DD/YYYY): 01/22/1999 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 1,500.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: CALTON & ASSOCIATES AGREED TO A STIPULATION AND CONSENT AGREEMENT AND TO PAY A $1,500. FEE FOR ADMINISTRATIVE COSTS. THE FEE WAS PAID IN FULL ON 12/24/1998 PAYABLE TO THE SECURITIES ANTI-FRAUD TRUST FUND. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). CALTON & ASSOCIATES, INC. SOLD REG-D SECURITIES TO TWO FLORIDA RESIDENTS. THESE SECURITIES WERE INITIALLY EXEMPT FROM FLORIDA REGISTRATION. AFTER OUR TWO SALES THE GENERAL PARTNERS APPARANTLY ACCEPTED MORE THAN 35 NON-ACCREDITED INVESTORS INTO THE PROGRAM. ALTHOUGH WE COULD NOT HAVE KNOWN IN ADVANCE THAT THIS WOULD OCCUR, FLORIDA ASKED US TO PAY A $1,500. FINE AND WE ACCEPTED. WE BELIEVE THE CASE # ON OUR U6 IS INCORRECT. PLEASE CALL BILL REILLY TO CONFIRM (850)410-9805
regulatory · block 5PDF pages 44–46
- Regulator name — filed text
- NASD
- Monetary/Fine Amount — filed text
- $ 10,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Action status / disposition — filed text
OUR CLEARING FIRM SWS..FAILED TO REPORT OUR TRANSACTIONS IN A TIMELY MANNER DUE TO TECHNICAL DIFFICULTIES AND LATE REPORTING BY OUR TRADING DESK.
Other filed details
Description of allegations — filed text
LATE REPORTING ON THE TRACE SYSTEM.
Sanction detail — filed text
THE APPLICANT:CALTON & ASSOCIATES, INC. PAID A FINE OF $10,000 IN FULL ON 11/14/2005 CHECK#025064 AND HAD TO REVISE THE SUPERVISORY PROCEDURESCONCERNING TRACE REPORTING.THESE PROCEDURES GO INTO EFFECT ON 11/21/2005.
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) NASD 2. Principal Sanction: Other Other Sanctions: LETTER OF ACCEPTANCE, WAIVER AND CONSENT # 20042000228-01 AWC 3. Date Initiated (MM/DD/YYYY): 10/27/2005 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 20042000228-01 AWC 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): LATE REPORTING ON THE TRACE SYSTEM. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 10/27/2005 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 10,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: THE APPLICANT:CALTON & ASSOCIATES, INC. PAID A FINE OF $10,000 IN FULL ON 11/14/2005 CHECK#025064 AND HAD TO REVISE THE SUPERVISORY PROCEDURESCONCERNING TRACE REPORTING.THESE PROCEDURES GO INTO EFFECT ON 11/21/2005. 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). OUR CLEARING FIRM SWS..FAILED TO REPORT OUR TRANSACTIONS IN A TIMELY MANNER DUE TO TECHNICAL DIFFICULTIES AND LATE REPORTING BY OUR TRADING DESK.
regulatory · block 6PDF pages 46–47
- Regulator name — filed text
- STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION
- Monetary/Fine Amount — filed text
- $ 5,000.00
- How was matter resolved — filed text
- Stipulation and Consent
Action status / disposition — filed text
THE STATE OF FL CONDUCTED AN AUDIT ON ONE OF OUR BRANCHES AND FOUND AN ADVERTISING PIECE THAT WAS NOT SENT TO THE COMPLIANCE DEPARTMENT FOR APPROVAL. CALTON & ASSOCIATES HAD TO HIRE AN INDEPENDENT CONSULTANT TO REVIEW THE FIRM'S SUPERVISORY PROCEDURES AND TO IMPLEMENT ANY RECOMMENDATIONS THE INDEPENDENT CONSULTANTS HAD. CALTON & ASSOCIATES DID NOT ADMIT OR DENY THE FINDINGS BUT AGREED TO THE FINE AND CEASE AND DESIST AS WELL AS THE INDEPENDENT CONSULTANTS REVIEW.
Other filed details
Description of allegations — filed text
BRANCH OFFICE FAILED TO SUBMIT SEMINAR ADVERTISING AND SALES LITERATURE FOR APPROVAL PRIOR TO USE.
Sanction detail — filed text
FINE OF $5000. PAID IN FULL ON 1/14/2009
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) STATE OF FLORIDA OFFICE OF FINANCIAL REGULATION 2. Principal Sanction: Other Other Sanctions: STIPULATION & CONSENT AGREEMENT 3. Date Initiated (MM/DD/YYYY): 01/14/2009 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 0363-S-11/07 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: No Product Other Product Types: 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): BRANCH OFFICE FAILED TO SUBMIT SEMINAR ADVERTISING AND SALES LITERATURE FOR APPROVAL PRIOR TO USE. 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Stipulation and Consent 11. Resolution Date (MM/DD/YYYY): 01/14/2009 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 5,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: FINE OF $5000. PAID IN FULL ON 1/14/2009 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided). THE STATE OF FL CONDUCTED AN AUDIT ON ONE OF OUR BRANCHES AND FOUND AN ADVERTISING PIECE THAT WAS NOT SENT TO THE COMPLIANCE DEPARTMENT FOR APPROVAL. CALTON & ASSOCIATES HAD TO HIRE AN INDEPENDENT CONSULTANT TO REVIEW THE FIRM'S SUPERVISORY PROCEDURES AND TO IMPLEMENT ANY RECOMMENDATIONS THE INDEPENDENT CONSULTANTS HAD. CALTON & ASSOCIATES DID NOT ADMIT OR DENY THE FINDINGS BUT AGREED TO THE FINE AND CEASE AND DESIST AS WELL AS THE INDEPENDENT CONSULTANTS REVIEW.
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regulatory · block 7PDF pages 47–49
- Regulator name — filed text
- FINRA
- Monetary/Fine Amount — filed text
- $ 5,000.00
- How was matter resolved — filed text
- Acceptance, Waiver & Consent(AWC)
Other filed details
Description of allegations — filed text
WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO REPORT TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)-ELIGIBLE SECURITIZED PRODUCTS TO TRACE WITHIN THE TIME REQUIRED BY FINRA RULE 6730(A).
Sanction detail — filed text
THE FIRM WAS FINED $5,000.00
Full extracted filing text
Includes form instructions and options. Options shown in this text do not identify which boxes were selected.
GENERAL INSTRUCTIONS This Disclosure Reporting Page (DRP ADV) is an INITIAL OR AMENDED response used to report details for affirmative responses to Items 11.C., 11.D., 11.E., 11.F. or 11.G. of Form ADV. Regulatory Action Check item(s) being responded to: 11.C(1) 11.C(2) 11.C(3) 11.C(4) 11.C(5) 11.D(1) 11.D(2) 11.D(3) 11.D(4) 11.D(5) 11.E(1) 11.E(2) 11.E(3) 11.E(4) 11.F. 11.G. Use a separate DRP for each event or proceeding . The same event or proceeding may be reported for more than one person or entity using one DRP. File with a completed Execution Page. One event may result in more than one affirmative answer to Items 11.C., 11.D., 11.E., 11.F. or 11.G. Use only one DRP to report details related to the same event. If an event gives rise to actions by more than one regulator, provide details for each action on a separate DRP. PART I A. The person(s) or entity(ies) for whom this DRP is being filed is (are): You (the advisory firm) You and one or more of your advisory affiliates One or more of your advisory affiliates If this DRP is being filed for an advisory affiliate, give the full name of the advisory affiliate below (for individuals, Last name, First name, Middle name). If the advisory affiliate has a CRD number, provide that number. If not, indicate "non-registered" by checking the appropriate box. ADV DRP - ADVISORY AFFILIATE No Information Filed This DRP should be removed from the ADV record because the advisory affiliate(s) is no longer associated with the adviser. This DRP should be removed from the ADV record because: (1) the event or proceeding occurred more than ten years ago or (2) the adviser is registered or applying for registration with the SEC or reporting as an exempt reporting adviser with the SEC and the event was resolved in the adviser's or advisory affiliate's favor. If you are registered or registering with a state securities authority , you may remove a DRP for an event you reported only in response to Item 11.D(4), and only if that event occurred more than ten years ago. If you are registered or registering with the SEC, you may remove a DRP for any event listed in Item 11 that occurred more than ten years ago. This DRP should be removed from the ADV record because it was filed in error, such as due to a clerical or data-entry mistake. Explain the circumstances: B. If the advisory affiliate is registered through the IARD system or CRD system, has the advisory affiliate submitted a DRP (with Form ADV, BD or U-4) to the IARD or CRD for the event? If the answer is "Yes," no other information on this DRP must be provided. Yes No NOTE: The completion of this form does not relieve the advisory affiliate of its obligation to update its IARD or CRD records. PART II 1. Regulatory Action initiated by: SEC Other Federal State SRO Foreign (Full name of regulator, foreign financial regulatory authority, federal, state, or SRO) FINRA 2. Principal Sanction: Other Other Sanctions: AWC / MONETARY FINE 3. Date Initiated (MM/DD/YYYY): 09/14/2016 Exact Explanation If not exact, provide explanation: 4. Docket/Case Number: 2015046491801 5. Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable): 6. Principal Product Type: Other Other Product Types: TRACE-ELIGIBLE SECURITIZED PRODUCTS 7. Describe the allegations related to this regulatory action (your response must fit within the space provided): WITHOUT ADMITTING OR DENYING THE FINDINGS, THE FIRM CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT IT FAILED TO REPORT TRANSACTIONS IN TRADE REPORTING AND COMPLIANCE ENGINE (TRACE)-ELIGIBLE SECURITIZED PRODUCTS TO TRACE WITHIN THE TIME REQUIRED BY FINRA RULE 6730(A). 8. Current Status? Pending On Appeal Final 9. If on appeal, regulatory action appealed to (SEC, SRO, Federal or State Court) and Date Appeal Filed: If Final or On Appeal, complete all items below. For Pending Actions, complete Item 13 only. 10. How was matter resolved: Acceptance, Waiver & Consent(AWC) 11. Resolution Date (MM/DD/YYYY): 09/14/2016 Exact Explanation If not exact, provide explanation: 12. Resolution Detail: A. Were any of the following Sanctions Ordered (check all appropriate items)? Monetary/Fine Amount: $ 5,000.00 Revocation/Expulsion/Denial Disgorgement/Restitution Censure Cease and Desist/Injunction Bar Suspension B. Other Sanctions Ordered: Sanction detail: if suspended, enjoined or barred, provide duration including start date and capacities affected (General Securities Principal, Financial Operations Principal, etc.). If requalification by exam/retraining was a condition of the sanction, provide length of time given to requalify/retrain, type of exam required and whether condition has been satisfied. If disposition resulted in a fine, penalty, restitution, disgorgement or monetary compensation, provide total amount, portion levied against you or an advisory affiliate, date paid and if any portion of penalty was waived: THE FIRM WAS FINED $5,000.00 13. Provide a brief summary of details related to the action status and (or) disposition and include relevant terms, conditions and dates (your response must fit within the space provided).
* Metrics are based on the latest available data, including Form ADV filings, brochures, and relationship summaries pulled from the SEC IAPD, and may be subject to change. Learn what is included in the Rialytix data. Please refer to the firm's official disclosures for the most accurate information using their CRD number. This is not investment advice.