The allegations read: On december 31, 2023, respondents failed to renew its registration but continued to act as an investment adviser and investment adviser representative, collecting advisory management fees during the unregistered periods. Prior to december 31, 2023, around august 16, 2023, the tssb conducted an inspection of respondents' business and also identified multiple books and records deficiencies. Following the inspection, this matter was referred to the tssb's legal division around january 2024 and the legal division made multiple attempts to get in contact with the respondents. As a result of being unable to contact the respondents while the respondents continued to act as an investment adviser and investment adviser representative while being unregistered, the tssb filed a case with soah requesting relief that the respondents cease and desist. At the hearing, respondents failed to appear and the tssb moved for a default dismissal deeming the factual allegations detailed in the notice of hearing are admitted, which was granted on july 17, 2024.
pursuant to \\u00a7155.501(d)(1) of the soah rules of procedure, the matters set forth and alleged by counsel in the notice are deemed admitted as true with respect to the respondents. Pursuant to \\u00a7155.501(d)(1) of the soah rules of procedure and section 4007.102 of the texas securities act, the relief requested in the notice with respect to the respondents is granted.
it is therefore ordered that the conner management group, llc and george mathis conner cease and desist from acting as an investment adviser and investment adviser representative, respectively, in the state of texas without first satisfying the registration requirements of the texas securities act and board
rules.
