Website marcelagdungy.com falsely posing as a California-licensed Investment Adviser – We posted a Consumer Alert on our website concerning an imposter website falsely marketing itself as a licensed financial advisor.
WhatsApp numbers falsely posing as a California-licensed investment adviser – We posted a Consumer Alert on our website concerning two WhatsApp numbers, (609) 381-3317 and (304) 415-7415, that are being used to falsely pose as licensed investment advisers.
Coinme Consent Order – We announced a Consent Order against Seattle-based Coinme, concluding an investigation into the company’s non-compliance with California’s Digital Financial Assets Law (DFAL). Coinme has agreed to pay a penalty and provide restitution to affected consumers.
Terrapass Settlement Agreement – We announced a settlement with Texas-based Restitution Brands LLC stemming from the sale of carbon credits to California consumers who were not informed that the company took a portion of their carbon credit purchase in hidden fees. Operating as Terrapass, the company has agreed to refund $68,400 to nine California businesses and 621 California consumers.
Wise US, Inc. Multistate Enforcement Action – We, along with five other states, took action against Wise for violating the Bank Secrecy Act and anti-money laundering laws. Wise will pay a $4.2 million penalty (including $700,000 to California) and correct deficiencies to prevent potential misuse of its services.
