Investmark Advisory Group Llc

Allegations: THE SECURITIES AND EXCHANGE COMMISSION ("SEC") FOUND THAT INVESTMARK FAILED TO ADEQUATELY TO DISCLOSE IN ITS FORM ADV OR OTHERWISE THE CONFLICTS OF INTEREST RELATED TO ITS RECEIPT OF 12B-1 FEES AND/OR ITS SELECTION OF MUTUAL FUND SHARE CLASSES THAT PAY SUCH FEES. AS A RESULT OF THESE FINDINGS, THE SEC FOUND THAT INVESTMARK VIOLATED SECTIONS 206(2) AND 207 OF THE INVESTMENT ADVISERS ACT OF 1940. Status: Final Sanction Detail: AMOUNT IS $93,519.17 AND PREJUDGMENT INTEREST OF $9,588.67 Summary: THE SECURITIES AND EXCHANGE COMMISSION ("SEC") FOUND THAT INVESTMARK FAILED TO ADEQUATELY TO DISCLOSE IN ITS FORM ADV OR OTHERWISE THE CONFLICTS OF INTEREST RELATED TO ITS RECEIPT OF 12B-1 FEES AND/OR ITS SELECTION OF MUTUAL FUND SHARE CLASSES THAT PAY SUCH FEES. AS A RESULT OF THESE FINDINGS, THE SEC FOUND THAT INVESTMARK VIOLATED SECTIONS 206(2) AND 207 OF THE INVESTMENT ADVISERS ACT OF 1940. PURSUANT TO THE SEC DIVISION OF ENFORCEMENT'S SHARE CLASS SELECTION DISCLOSURE INITIATIVE, INVESTMARK SELF-REPORTED TO THE SEC. ON MARCH 11, 2019, THE SEC ACCEPTED INVESTMARK'S OFFER OF SETTLEMENT AND ENTERED AN ADMINISTRATIVE ORDER. WITHOUT ADMITTING OR DENYING THE FINDINGS, INVESTMARK CONSENTED TO A CEASE AND DESIST ORDER, CENSURE, AND DISGORGEMENT OF $93,519.17 AND PREJUDGMENT INTEREST OF $9,588.67.