Trust Company
Kenyon Capital Investment Holdings LLCFind BBB Accredited Businesses in Trust Company.
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Important information
- Government Actions:Government Action: BBB reports on known government actions involving business’ marketplace conduct:State of Washington Securities Division of Washington Department of Financial Institutions vs Kenyon Capital Investment Holdings LLC Shaun Brog, Ryan Brog
The following describes a pending government action that has been formally brought by a government agency but has not yet been resolved. We are providing a summary of the governments allegations, which have not yet been proven.
On August 3, 2018, the Securities Division (“the Division”) entered a Statement of Charges and Notice of Intent to Enter Order to Cease and Desist, to Deny Future Registrations, to Impose Fines, and to Charge Costs (“Statement of Charges”) against Respondents Shaun Brog (CRD #5000205), Ryan Brog (CRD #5798126), and Kenyon Capital Investment Holdings LLC (“Kenyon Capital”)
In the Statement of Charges, the Securities Division alleges that Shaun Brog, Ryan Brog, and Kenyon Capital (collectively “the Respondents”) violated the Securities Act of Washington and accompanying regulations in the course of the offer and sale of interests in Kenyon Capital, and subsequently in the administration of Kenyon Capital. Specifically, the Division alleges (a) that the Respondents misrepresented or failed to disclose material information in connection with the offer and sale of interests in Kenyon Capital; (b) that the Respondents engaged in an act, practice, or course of business which operated as a fraud on their investors by failing to comply with Washington’s custody requirements; (c) that the Respondents entered into contracts with investors which illegally provided for performance-based fees; (d) that Shaun and Ryan Brog acted as unregistered securities salespersons when selling interests in Kenyon Capital and unregistered investment advisers when managing Kenyon Capital; and (e) that the Respondents offered and sold unregistered securities in the form of LLC interests in Kenyon Capital.
The Statement of Charges gives notice of the Securities Division’s intent to enter an order to cease and desist from violations of the Securities Act of Washington, to impose fines of $200,000, to charge costs of $20,000, and to deny any of the Respondents’ future investment adviser, investment adviser representative, broker-dealer, or securities salesperson applications for registration. The Respondents have a right to request a hearing on the Statement of Charges.
For further information, contact the Securities Division of Washington Department of Financial Institutions at (877) 746-4334 or at www.dfi.wa.gov
Business Details
- Local BBB:
- BBB Great West + Pacific
- BBB File Opened:
- 9/5/2018
- Business Started:
- 10/27/2014
- Type of Entity:
- Limited Liability Company (LLC)
- Alternate Names:
- Kenyon Capital
- Business Management:
- Mr. Shaun Brog, Owner
Additional Contact Information
- Principal Contacts
- Mr. Shaun Brog, Owner
- Customer Contacts
- Mr. Shaun Brog, Owner
Additional Information
- Business Categories
- Trust Company
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