Independence Square Holdings, LLC

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.A. or
11.B. of Form ADV.
Criminal
Check item(s) being responded to:
11.A(1)
11.A(2)
11.B(1)
11.B(2)
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. 
Multiple counts of the same charge arising out of the same event(s) should be reported on the same DRP. Unrelated criminal actions, including separate
cases arising out of the same event, must be reported on separate DRPs. Use this DRP to report all charges arising out of the same event. One event may
result in more than one affirmative answer to the items listed above.
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:
8013768
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
Scherzer, Adam, Jason
(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.
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.  If charge(s) were brought against an organization over which you or an advisory affiliate exercise(d) control: Enter organization name, whether or not
the organization was an investment-related business and your or the advisory affiliate's position, title, or relationship. 
2.
Formal Charge(s) were brought in: (include name of Federal, Military, State or Foreign Court, Location of Court - City or County and State or Country,
Docket/Case number). 
PLYMOUTH TOWNSHIP CONSHOHOCKEN BOROUGH, MAGISTERIAL DISTRICT COURT 38-1-13, DOCKET NUMBER: MJ-38113-CR-0000547-2024
3.
Event Disclosure Detail (Use this for both organizational and individual charges.)
A. Date First Charged (MM/DD/YYYY): 
12/21/2024
 Exact
 Explanation
If not exact, provide explanation:
B.
Event Disclosure Detail (include Charge(s)/Charge Description(s), and for each charge provide: (1) number of counts, (2) felony or misdemeanor,
(3) plea for each charge, and (4) product type if charge is investment-related). 
CHARGE: TITLE 18 PA C.S. 2706(A)1 TERRORISTIC THREATS [M1] PLEA: NOT GUILTY CHARGE: TITLE 18 PA C.S. 2709(A)4 HARASSMENT [M3] PLEA:
NOT GUILTY CHARGE: TITLE 18 PA C.S. 2702(A)4 AGGRAVATED ASSAULT [F2] PLEA: NOT GUILTY CHARGE: TITLE 18 PA C.S. 2701(A)3 SIMPLE
ASSAULT [M2] PLEA: NOT GUILTY CHARGE: TITLE 18 PA C.S. 2705 RECKLESSLY ENDANGERING ANOTHER PERSON [M2] PLEA: NOT GUILTY
CHARGE: TITLE 18 PA C.S. 5503(A)1 DISORDERLY CONDUCT [M3] PLEA: NOT GUILTY
C.
Did any of the Charge(s) within the Event involve a felony? 
 Yes
 No
D.
Current status of the Event? 
 Pending
 On Appeal
 Final
E.
Event Status Date (complete unless status is Pending) (MM/DD/YYYY): 
 Exact
 Explanation
If not exact, provide explanation:
4.
Disposition Disclosure Detail: 
Include for each charge (a) Disposition Type (e.g., convicted, acquitted, dismissed, pretrial, etc.), (b) Date, (c) Sentence/Penalty, (d) Duration (if
sentence - suspension, probation, etc.), (e) Start Date of Penalty, (f) Penalty/Fine Amount, and (g) Date Paid. 
CHARGE: TITLE 18 PA C.S. 2706(A)1 TERRORISTIC THREATS [M1] DISPOSITION: PRETRIAL AS OF: 02/25/2025 CHARGE: TITLE 18 PA C.S. 2709(A)4
HARASSMENT [M3] DISPOSITION: PRETRIAL AS OF: 02/25/2025 CHARGE: TITLE 18 PA C.S. 2702(A)4 AGGRAVATED ASSAULT [F2] DISPOSITION:
CHARGES DISMISSED AS OF: 02/25/2025 CHARGE: TITLE 18 PA C.S. 2701(A)3 SIMPLE ASSAULT [M2] DISPOSITION: PRETRIAL AS OF: 02/25/2025
CHARGE: TITLE 18 PA C.S. 2705 RECKLESSLY ENDANGERING ANOTHER PERSON [M2] DISPOSITION: CHARGES DISMISSED AS OF: 02/25/2025 CHARGE:
TITLE 18 PA C.S. 5503(A)1 DISORDERLY CONDUCT [M3] DISPOSITION: PRETRIAL AS OF: 02/25/2025
5.
Provide a brief summary of circumstances leading to the charge(s) as well as the disposition. Include the relevant dates when the conduct which was
the subject of the charge(s) occurred. (Your response must fit within the space provided.) 
THE PLAINTIFF CAME UP BEHIND MY VEHICLE TO MAKE AN ILLEGAL PASS OVER A DOUBLE YELLOW LINE, ALMOST INTO AN ONCOMING CAR. THE
PLAINTIFF CAME VERY CLOSE TO CAUSING A HEAD ON COLLISION. THE PLAINTIFF PROCEEDED TO CUT ME OFF. THEN AT A RED LIGHT, WE HAD
WORDS, AND THE PLAINTIFF CHALLENGED ME TO FIGHT. WHEN I DECLINED, THE PLAINTIFF SPED UP TO ME AT ANOTHER RED LIGHT AND PROCEEDED
TO TELL ME HE WOULD FOLLOW ME BACK TO MY HOUSE. I TOLD HIM THAT I HAVE A LICENSE TO CARRY, AND THAT I WAS ARMED, AND NOT TO
FOLLOW ME; I TOLD HIM TO GO HOME. I THEN PULLED OFF THE ROAD AND THE PLAINTIFF CALLED THE POLICE. THE PLAINTIFF CLAIMED THAT I
POINTED A GUN AND THREATENED HIM. WHEN I PULLED UP TO MY HOUSE, THE POLICE ARRESTED ME. I HAD EXPLAINED TO THE OFFICER WHAT HAD
HAPPENED, AND I ASKED WHY I WAS IN THE ONE WHO WAS IN TROUBLE, WHEN HE WAS THE ONE WHO THREATENED ME, THEY SAID IT WAS BECAUSE
THE PLAINTIFF WAS THE ONE WHO CALLED THE POLICE AND I HADN'T. THEY SAID IF I CALLED, IT WOULD HAVE BEEN A DIFFERENT STORY.

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:
834388
This advisory affiliate is 
a Firm
an Individual
Registered:
Yes
No
Name:
BATANSKY, NORMAN, STANLEY
(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) 
FINRA
2.
Principal Sanction:
Suspension
Other Sanctions: 
CIVIL AND ADMINISTRATIVE PENALTY(IES)/FINE(S) OF $7,500.00
3.
Date Initiated (MM/DD/YYYY): 
10/23/2020
 Exact
 Explanation
If not exact, provide explanation:
4.
Docket/Case Number:
5.
Advisory Affiliate Employing Firm when activity occurred which led to the regulatory action (if applicable):
PEAK BROKERAGE SERVICES, LLC
6.
Principal Product Type:
Other Product Types: 

7.
Describe the allegations related to this regulatory action (your response must fit within the space provided):
WITHOUT ADMITTING OR DENYING THE FINDINGS, BATANSKY CONSENTED TO THE SANCTIONS AND TO THE ENTRY OF FINDINGS THAT HE PARTICIPATED
IN A PRIVATE SECURITIES TRANSACTION BY FACILITATING A $50,000 INVESTMENT BY HIS SON, IN A CONVERTIBLE PROMISSORY NOTE, WITHOUT
PROVIDING PRIOR WRITTEN NOTICE TO HIS MEMBER FIRM. THE FINDINGS STATED THAT BATANSKY FORWARDED HIS SON, A FIRM CUSTOMER, AN EMAIL
CONCERNING AN INVESTMENT OPPORTUNITY IN A PRIVATELY HELD MEDICAL DEVICE COMPANY. ATTACHED TO THE EMAIL WAS AN INVESTOR
OVERVIEW, CONVERTIBLE NOTE TERM SHEET AND A SUBSCRIPTION AGREEMENT. USING HIS PERSONAL EMAIL ACCOUNT, BATANSKY SENT THE
COMPANY'S PLACEMENT AGENT HIS SON'S RESIDENTIAL ADDRESS AND DATE OF BIRTH. BATANSKY USED HIS PERSONAL EMAIL ACCOUNT TO INFORM
THE PLACEMENT AGENT THAT HIS SON "WILL DO $50,000 OF THE COMPANY." BATANSKY ASKED HIS SALES ASSISTANT TO EMAIL THE PLACEMENT
AGENT A SCANNED COPY OF HIS SON'S SIGNED SUBSCRIPTION AGREEMENT FOR HIS $50,000 INVESTMENT, A COMPLETED INVESTOR PROFILE AND
QUESTIONNAIRE, AND A W-9 TAX FORM. BATANSKY THEREAFTER ARRANGED THROUGH HIS BRANCH OFFICE'S OPERATIONS DEPARTMENT TO WIRE
$50,000 FROM HIS SON'S BROKERAGE ACCOUNT TO HIS PERSONAL BANK ACCOUNT. BATANSKY PREPARED AND EMAILED HIS SON A DRAFT LETTER OF
INSTRUCTION TO HIS BANK TO WIRE $50,000 FROM HIS ACCOUNT TO THE COMPANY'S BANK ACCOUNT. BATANSKY'S SON COMPLETED HIS $50,000
INVESTMENT IN THE COMPANY. BATANSKY DID NOT RECEIVE ANY COMPENSATION IN CONNECTION WITH HIS SON'S INVESTMENT. BATANSKY FALSELY
ATTESTED IN A COMPLIANCE QUESTIONNAIRE THAT HE HAD NOT PARTICIPATED IN ANY PRIVATE SECURITIES TRANSACTIONS. THE FINDINGS ALSO
STATED THAT BATANSKY USED HIS PERSONAL EMAIL ACCOUNT TO SEND A TOTAL OF 32 SECURITIES-RELATED EMAILS THAT WERE NOT MONITORED OR
RETAINED BY THE FIRM. BATANSKY ATTESTED IN COMPLIANCE QUESTIONNAIRES THAT HE UNDERSTOOD THAT HE MUST USE FIRM OR APPROVED EMAIL
ADDRESSES FOR ALL BUSINESS-RELATED COMMUNICATIONS WITH ALL CLIENTS AND PROSPECTS.
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):
12/15/2020
 Exact
 Explanation
If not exact, provide explanation:
SUSPENSION END DATE
12. Resolution Detail:
A.  Were any of the following Sanctions Ordered (check all appropriate items)?
 Monetary/Fine Amount: $ 7,500.00
 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: 
30 DAY SUSPENSION FOR ALL CAPACITIES. FINES AND PENALTIES TOTALING $7,500.00
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).
ACCEPTANCE, WAIVER AND CONSENT WAS ENTERED INTO AS A FINAL ORDER. THIS INVOLVED A 30 DAY SUSPENSION, PENALTIES, AND FINES. THIS
HAS SENSE BEEN SATISFIED, SUSPENSION WAS SERVED 11/16/2020 - 12/15/2020.