Business ProfileforMadison Avenue Securities LLC
Current Alerts For This Business
The following describes a government action that has been resolved by either a settlement or a decision by a court or administrative agency. If the matter is being appealed, it will be noted below.
On May 31, 2022, Madison Avenue Securities, LLC entered into a Cease and Desist order with the Securities and Exchange Commission. The order settles allegations that the business failed to provide full and fair disclosure regarding conflicts of interest associated with its receipt of revenue sharing payments from its unaffiliated clearing broker, revenue sharing payments from its clearing broker for no-transaction-fee mutual fund investments, and fees. Under terms of the order, the business agreed to cease and desist from committing or causing any violations and any future violations of SEC, was ordered to pay a civil money penalty in the amount of $150,000, and disgorgement in the amount of $579,523.76.
This action is final.
At-a-glance
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Overview
Business Details
- Location of This Business
- 15050 Avenue of Science #150, San Diego, CA 92128
- BBB File Opened:
- 11/19/2012
- Years in Business:
- 19
- Business Started:
- 8/19/2005
- Business Incorporated:
- 8/19/2005
- Licensing Information:
- This business is in an industry that may require professional licensing, bonding or registration. BBB encourages you to check with the appropriate agency to be certain any requirements are currently being met.
- Type of Entity:
- Corporation
- Business Management
- Mr. Wayne Talleur, President
- Mr. Marty McNees, COO
- Contact Information
Principal
- Mr. Wayne Talleur, President
Customer Contact
- Mr. Wayne Talleur, President
- Additional Contact Information
Fax Numbers
- (858) 207-1789Primary Fax
Phone Numbers
- (858) 207-1300Other Phone
Email Addresses
- Primary
- (858) 207-1789
Customer Complaints
0 Customer Complaints
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