California-based SEC RIA fined over Form CRS failures

This matter involves Carmel Capital’s failure to file with the Commission and to deliver to retail investor clients its Form CRS. Carmel Capital was required to file its initial Form CRS with the Commission as Part 3 of its Form ADV and to begin delivering its Form CRS to prospective and new retail investor clients, as applicable, by June 30, 2020. Carmel Capital was further required to deliver its Form CRS to existing retail investor clients by July 30, 2020. The firm failed to file and deliver Form CRS by these deadlines, not becoming compliant until in or after late January 2021.

To read this article, you need to sign in.


You should only be asked to sign in once. Not the case? Click here


New to Regulatory Compliance Watch?

Register now to read this article and more for free.