Beach Cities Wealth Management, Llc

Allegations: VIOLATIONS OF REGISTRATION AND ANTIFRAUD PROVISION OF SECURITIES ACT OF MONTANA. THE STATE ALSO ALLEGED THAT DOUGLAS OSBORNE FILED FALSE INFORMATION WITH THE DEPARTMENT. Status: Final Sanction Detail: DOUGLAS WAYNE OSBOURNE, SR., WAS ORDERED TO CEASE AND DESIST FROM FURTHER VIOLATIONS OF REGISTRATION AND ANTIFRAUD PROVISIONS OF SECURITIES ACT OF MONTANA. Summary: OFFERED AND SOLD SECURITIES TO AN ALABAMA RESIDENT WHILE HE WAS NOT REGISTERED WITH THE ALABAMA SECURITIES COMMISSION AS A SALESMAN.

Allegations: OFFERED AND SOLD SECURITIES TO AN ALABAMA RESIDENT WHILE HE WAS NOT REGISTERED WITH THE ALABAMA SECURITIES COMMISSION AS A SALESMAN. Status: Final Sanction Detail: OFFERED AND SOLD SECURITIES TO AN ALABAMA RESIDENT WHILE HE WAS NOT REGISTERED WITH THE ALABAMA SECURITIES COMMISSION AS A SALESMAN. ORDER MADE FINAL 12/13/1989. Summary: MR. WOODS WAS TOLD BY HIS COMPLIANCE DEPARTMENT THAT HIS REGISTRATIONS WAS APPROVED IN ALABAMA. THE REGISTRATION HAD NOT BEEN APPROVED YET. HE WAS CALLING ALABAMA FOR 1 WEEK BEFORE HE WAS OFFICIALLY APPROVED.

Allegations: FAILURE TO PAY THE BALANCE OF THE $30 1989 RENEWAL FEE, IN THE AMOUNT OF $15. Status: Final Sanction Detail: MICHAEL PAUL WOODS WAS REVOKED DUE TO THE FAILURE TO PAY THE BALANCE OF THE $30 1989 RENEWAL FEE, IN THE AMOUNT OF $15. Summary: MR. WOODS LEFT THE FIRM IN JANUARY 1990. HE WAS NEVER NOTIFIED OF THE INCREASE IN FEES SO THEY WERE NEVER PAID. THE FIRM PAID HIS REGISTRATION FEE FOR 1989. AT HIS NEW FIRM HE DID NOT REGISTER FOR MICHIGAN. HE NEVER CONDUCTED BUSINESS IN MICHIGAN IN 1989. HE WAS NOTIFIED OF A MID-YEAR INCREASE OF $15. HE TTHAT HE RECEIVED THIS NOTICE IN ERROR SINCE HE WAS NOT REGISTERED IN MICHIGAN. HE TRIED TO PAY THE FEE LATER TO RESOLVE THE MATTER BUT WAS UNABLE TO DO SO. HE IS CURRENTLY REGISTERED IN MICHIGAN.