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Violation Tracker Individual Record

Company: Preston Wealth Management, LLC
Penalty: $432,525
Year: 2014
Date: April 30, 2014
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Preston Wealth Management was ordered to pay a $324,369 civil penalty and $108,156 in restitution to settle allegations it deducted advisory fees in excess of the amounts agreed to by clients and submitted filings to the Department that contained false and misleading information.
Level of Government: state
Action Type: agency action
Agency: District of Columbia Department of Insurance, Securities and Banking
Civil or Criminal Case: civil
Facility State: District of Columbia
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Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.