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Violation Tracker Individual Record

Company: Mantei & Associates, LLC aka Cola Wealth Advisors
Penalty: $650,000
Year: 2023
Date: February 6, 2023
Offense Group: financial offenses
Primary Offense: investor protection violation
Violation Description: Mantei & Associates agreed to pay $425,000 civil penalty and $225,000 costs in settlement of allegations it failed to reasonably supervise some of its agents, who recommended unsuitable investments and failed to keep required records.
Level of Government: state
Action Type: agency action
Agency: South Carolina Securities Division
Civil or Criminal Case: civil
Facility State: South Carolina
Source of Data: (click here)
Source Notes: If an online information source is not working, check the Violation Tracker Data Sources page for an updated link.
Current parent company note: Parent-subsidiary relationship is current as of the most recent revision listed in the Update Log.