Beryl Capital Management, Llc

Allegations: ON SEPTEMBER 22, 2015, BERYL FILED WITH CALIFORNIA'S DEPARTMENT OF BUSINESS OVERSIGHT (CA DBO) AN INITIAL FORM ADV, APPLYING FOR AN INVESTMENT ADVISOR CERTIFICATE. IN RESPONSE TO THE COMMISSIONER OF THE CA DBO'S INQUIRY ABOUT POSSIBLE UNLICENSED INVESTMENT ADVISER ACTIVITIES, BERYL PROVIDED ADDITIONAL INFORMATION DISCLOSING THAT, BEGINNING IN OR ABOUT JUNE 2013, BERYL HAD CONDUCTED BUSINESS AS AN INVESTMENT ADVISER IN CALIFORNIA TO AT LEAST NINE CLIENTS, WITHOUT FIRST APPLYING FOR AND SECURING FROM THE COMMISSIONER A CERTIFICATE, THEN IN EFFECT, AUTHORIZING BERYL TO DO SO, IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25230, SUBDIVISION (A). ON JULY 12, 2016, BERYL ENTERED INTO A STIPULATION AGREEMENT WITH THE CA DBO AND CONSENTED TO DESIST AND REFRAIN FROM ENGAGING IN INVESTMENT ADVISER ACTIVITIES UNLESS AND UNTIL CERTIFICATION HAS BEEN MADE UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968 (CSL) OR UNLESS EXEMPT. BERYL STIPULATED TO UNDERTAKE ALL APPROPRIATE STEPS DESIGNED TO ASSURE FULL COMPLIANCE WITH THE LAWS OF CALIFORNIA IN CONNECTION WITH THE LICENSING OF BERYL'S BUSINESS AS AN INVESTMENT ADVISER. BERYL AGREED TO PAY THE CA DBO AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $45,000.00 (ADMINISTRATIVE PENALTY) PURSUANT TO CALIFORNIA CORPORATIONS CODE SECTION 25532, SUBDIVISION (B). Status: Final Sanction Detail: ON JULY 12, 2016, BERYL ENTERED INTO A STIPULATION AGREEMENT WITH THE CA DBO AND CONSENTED TO DESIST AND REFRAIN FROM ENGAGING IN INVESTMENT ADVISER ACTIVITIES UNLESS AND UNTIL CERTIFICATION HAS BEEN MADE UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968 (CSL) OR UNLESS EXEMPT. BERYL STIPULATED TO UNDERTAKE ALL APPROPRIATE STEPS DESIGNED TO ASSURE FULL COMPLIANCE WITH THE LAWS OF CALIFORNIA IN CONNECTION WITH THE LICENSING OF BERYL'S BUSINESS AS AN INVESTMENT ADVISER. BERYL AGREED TO PAY THE CA DBO AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $45,000.00 (ADMINISTRATIVE PENALTY) PURSUANT TO CALIFORNIA CORPORATIONS CODE SECTION 25532, SUBDIVISION (B). Summary: ON SEPTEMBER 22, 2015, BERYL FILED WITH CALIFORNIA'S DEPARTMENT OF BUSINESS OVERSIGHT (CA DBO) AN INITIAL FORM ADV, APPLYING FOR AN INVESTMENT ADVISOR CERTIFICATE. IN RESPONSE TO THE COMMISSIONER OF THE CA DBO'S INQUIRY ABOUT POSSIBLE UNLICENSED INVESTMENT ADVISER ACTIVITIES, BERYL PROVIDED ADDITIONAL INFORMATION DISCLOSING THAT, BEGINNING IN OR ABOUT JUNE 2013, BERYL HAD CONDUCTED BUSINESS AS AN INVESTMENT ADVISER IN CALIFORNIA TO AT LEAST NINE CLIENTS, WITHOUT FIRST APPLYING FOR AND SECURING FROM THE COMMISSIONER A CERTIFICATE, THEN IN EFFECT, AUTHORIZING BERYL TO DO SO, IN VIOLATION OF CALIFORNIA CORPORATIONS CODE SECTION 25230, SUBDIVISION (A). ON JULY 12, 2016, BERYL ENTERED INTO A STIPULATION AGREEMENT WITH THE CA DBO AND CONSENTED TO DESIST AND REFRAIN FROM ENGAGING IN INVESTMENT ADVISER ACTIVITIES UNLESS AND UNTIL CERTIFICATION HAS BEEN MADE UNDER THE CALIFORNIA CORPORATE SECURITIES LAW OF 1968 (CSL) OR UNLESS EXEMPT. BERYL STIPULATED TO UNDERTAKE ALL APPROPRIATE STEPS DESIGNED TO ASSURE FULL COMPLIANCE WITH THE LAWS OF CALIFORNIA IN CONNECTION WITH THE LICENSING OF BERYL'S BUSINESS AS AN INVESTMENT ADVISER. BERYL AGREED TO PAY THE CA DBO AN ADMINISTRATIVE PENALTY IN THE AMOUNT OF $45,000.00 (ADMINISTRATIVE PENALTY) PURSUANT TO CALIFORNIA CORPORATIONS CODE SECTION 25532, SUBDIVISION (B).