Meadowbrook Investment Advisors Llc

Status: Final Sanction Detail: THE CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU OF THE STATE OF MICHIGAN IMPOSED A CIVIL FINE OF $10,000.00 AGAINST MR. EMBRY AS AN INDIVIDUAL AND $20,000.00 AGAINST MEADOWBROOK AS A FIRM. NO PORTION OF THE PENALTY WAS WAIVED. THE TOTAL FINES OF $30,000.00 WAS PAID BY MEADOWBROOK ON NOVEMBER 9, 2017. Summary: ON OCTOBER 17, 2017, THE CORPORATIONS, SECURITIES & COMMERCIAL LICENSING BUREAU OF THE STATE OF MICHIGAN ISSUED SEPARATE CEASE AND DESIST ORDERS TO DALE BRIAN EMBRY AND MEADOWBROOK. THE ORDER WITH RESPECT TO MR. EMBRY WAS LIMITED TO THE FAILURE OF MEADOWBROOK TO ALERT MR. EMBRY OF HIS OBLIGATION TO REGISTER AS AN INVESTMENT ADVISER REPRESENTATIVE IN THE STATE OF MICHIGAN. THE ORDER WITH RESPECT TO MEADOWBROOK INVOLVED MR. EMBRY'S LACK OF REGISTRATION AS AN INVESTMENT ADVISER REPRESENTATIVE, AS WELL AS MEADOWBROOK'S FAILURE TO FILE THE REQUIRED NOTICE FILINGS TO THE STATE OF MICHIGAN WITH RESPECT TO THE FIRM'S REGISTRATION AS AN INVESTMENT ADVISER WITH THE COMMISSION. IN COMPLYING WITH MICHIGAN REQUIREMENTS ON INVESTMENT ADVISER REPRESENTATIVE REGISTRATIONS, MEADOWBROOK MADE A MISTAKE INVOLVING MR. EMBRY. HISTORICALLY, THE STATE OF MICHIGAN DID NOT REQUIRE THE REGISTRATION AND LICENSING OF INVESTMENT ADVISER REPRESENTATIVES. WHEN THAT CHANGED IN 2009, REGRETTABLY MEADOWBROOK WAS UNAWARE OF IT. UPON BEING CONTACTED BY THE STATE, MEADOWBROOK PROMPTLY TOOK ACTIONS TO SUBMIT THE RELEVANT INVESTMENT ADVISER REPRESENTATIVE REGISTRATION APPLICATION MATERIALS ON BEHALF OF MR. EMBRY. AS A RESULT OF MEADOWBROOK'S MISTAKE, THE BUREAU IMPOSED A CIVIL FINE OF $10,000.00 AGAINST MR. EMBRY AS AN INDIVIDUAL AND $10,000.00 AGAINST MEADOWBROOK AS A FIRM. MEADOWBROOK PAID BOTH OF THESE FINES. MEADOWBROOK ALSO FAILED TO RECOGNIZE THAT A NOTICE FILING TO THE STATE OF MICHIGAN WAS REQUIRED AS A RESULT OF ITS REGISTRATION AS AN INVESTMENT ADVISER WITH THE COMMISSION. THE FIRM SUBMITTED THIS NOTICE FILING AS OF JULY 20, 2017. AS A RESULT OF THIS OVERSIGHT, THE BUREAU IMPOSED A CIVIL FINE OF $10,000.00 AGAINST THE FIRM. MEADOWBROOK PAID THIS FINE. THE TOTAL FINES OF $30,000.00 WAS PAID BY MEADOWBROOK.