Cws Capital Partners Llc

Allegations: VIOLATION OF ARTICLE 3, SECTION 1 RULES OF FAIR PRACTICE, FAILURE TO TRANSMIT FUNDS TO ESCROW ACCOUNT; FAILED TO MAINTAIN MINIMUM NET CAPITAL REQUIREMENT. Status: Final Sanction Detail: LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED. FIRM WAS FINED AND PAID $5000.00. MATTER RESOLVED ON 01/10/1994. Summary: VIOLATION OF ARTICLE 3, SECTION 1 RULES OF FAIR PRACTICE, FAILURE TO TRANSMIT FUNDS TO ESCROW ACCOUNT; FAILED TO MAINTAIN MINIMUM NET CAPITAL REQUIREMENT. LETTER OF ACCEPTANCE, WAIVER AND CONSENT WAS ACCEPTED. FIRM WAS FINED AND PAID $5000.00. MATTER RESOLVED ON 01/10/1994.

Allegations: CWS BEGAN PROVIDING INVESTMENT ADVICE IN 2010 TO A PRIVATE FUND (STRATEGIC APARTMENT FUND). AT THE TIME IT BELIEVED IT MET THE THEN CURRENT EXEMPTIONS AFFORDED BY THE STATE OF CALIFORNIA. IT CONTINUED TO SPONSOR NEW PRIVATE FUNDS (SAF II THRU SAF V). IN 2012 THE LANGUAGE OF THE CODES WAS CHANGED BY THE COMMISSIONER BY AN EMERGENCY REGULATION ORDER. TO MEET THE EXEMPTION CWS WAS REQUIRED TO OBTAIN AND DELIVER AUDITED FINANCIAL STATEMENTS FOR THE FUNDS, FILE FORM ADV, AND PAY A $125.00 FEE. IT DID NOT COMPLETE THOSE REQUIREMENTS BY THE DEADLINES. Status: Final Sanction Detail: DESIST AND REFRAIN ORDER: REFRAIN FROM ACTING AS AN INVESTMENT ADVISOR UNTIL THE FIRM HAS SECURED AN INVESTMENT ADVISOR CERTIFICATE. ADMINISTRATIVE PENALTY IN THE AMOUNT OF $34140.00. Summary: CWS BEGAN PROVIDING INVESTMENT ADVICE IN 2010 TO A PRIVATE FUND (STRATEGIC APARTMENT FUND). AT THE TIME IT BELIEVED IT MET THE THEN CURRENT EXEMPTIONS AFFORDED BY THE STATE OF CALIFORNIA. IT CONTINUED TO SPONSOR NEW PRIVATE FUNDS (SAF II THRU SAF V). IN 2012 THE LANGUAGE OF THE CODES WAS CHANGED BY THE COMMISSIONER BY AN EMERGENCY REGULATION ORDER. TO MEET THE EXEMPTION CWS WAS REQUIRED TO OBTAIN AND DELIVER AUDITED FINANCIAL STATEMENTS FOR THE FUNDS, FILE FORM ADV, AND PAY A $125.00 FEE. IT DID NOT COMPLETE THOSE REQUIREMENTS BY THE DEADLINES. IT HAS SINCE MET THE REQUIREMENTS, ENTERED INTO A SETTLEMENT WITH THE DBO REGARDING THE MATTER, AND OBTAINED ITS ADVISORY CERTIFICATE.