Massachusetts Securities Division Expands Jurisdiction to Non-Securities

February 18, 2020 by Pete S. Michaels, David L. Ward

The Enforcement Section of the Massachusetts Securities Division (“MSD”) recently filed an Administrative Complaint against Ryan Patrick Skinner (“Skinner”) and related entities Summit Financial Partners and Summit Financial Ptrs Inc of Woburn, MA (together, “Summit”)^[1]. Summit is not a broker-dealer or investment advisor licensed by the MSD.^[2] Further, Skinner is not a registered representative. Interestingly, the products at issue – fixed annuities – are not securities.

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Originally Posted at MINTZ on February 10, 2020 by Pete S. Michaels, David L. Ward.