Statement Summary
The Securities and Exchange Commission (SEC) has initiated administrative proceedings against Agentis Capital Advisors General Partnership for violating the registration requirements set forth in the Securities Exchange Act of 1934. Between December 2020 and February 2023, Agentis provided unregistered municipal advisory services to private sector clients associated with public-private partnerships, advising on the issuance of municipal securities worth over $1.9 billion. As a result, the SEC has ordered Agentis to cease these activities, pay a civil penalty of $100,000, and has censured the firm. Agentis, which became a registered municipal advisor in September 2023, neither admitted nor denied the findings but acknowledged the SEC’s jurisdiction.
Original Statement
Privileged and Confidential
UNITED STATES OF AMERICA
Before the
SECURITIES AND EXCHANGE COMMISSION
SECURITIES EXCHANGE ACT OF 1934
Release No. 103154 / May 30, 2025
ADMINISTRATIVE PROCEEDING
File No. 3-22479
In the Matter of
AGENTIS CAPITAL
ADVISORS GENERAL
PARTNERSHIP, fka
AGENTIS CAPITAL
ADVISORS
Respondent.
ORDER INSTITUTING ADMINISTRATIVE
AND CEASE-AND-DESIST PROCEEDINGS,
PURSUANT TO SECTIONS 15B AND 21C
OF THE SECURITIES EXCHANGE ACT
OF 1934, MAKING FINDINGS, AND
IMPOSING REMEDIAL SANCTIONS AND
A CEASE-AND-DESIST ORDER
Introduction
The Securities and Exchange Commission (“Commission”) deems it appropriate and in the public interest that public administrative and cease-and-desist proceedings be instituted against Agentis Capital Advisors General Partnership (“Agentis” or “Respondent”).
Background
In anticipation of the institution of these proceedings, Respondent submitted an Offer of Settlement (the “Offer”) which the Commission has determined to accept. Solely for the purpose of these proceedings and without admitting or denying the findings herein, except as stated regarding the Commission’s jurisdiction, Respondent consents to the entry of this Order.
Findings of Violation
This matter involves unregistered municipal advisory activity by Agentis Capital Advisors General Partnership. Between December 2020 and February 2023, Agentis provided consulting services to six private sector entities engaged in public-private partnerships in the United States. A portion of these services included advice on the issuance of municipal securities, which amounted to over $1.9 billion. During this time, Agentis was not registered as a municipal advisor.
Violations and Penalties
By conducting municipal advisory activities without registering with the Commission, Agentis violated the registration requirements of Section 15B(a)(1)(B) of the Exchange Act. The Commission finds that:
- Respondent shall cease and desist from committing or causing any violations of Section 15B(a)(1)(B) of the Exchange Act.
- Respondent is formally censured.
- Respondent shall pay a civil penalty of $100,000 to the SEC.
Payment Instructions
Payments shall be made in specified installments and may be transmitted electronically, made directly from a bank account, or paid by certified check. Payments must be accompanied by a cover letter identifying Agentis as the Respondent in these proceedings.
Conclusion
Respondent’s actions of providing municipal advisory services without registration have led to significant monetary penalties and a formal reprimand by the SEC. This case highlights the importance of compliance with SEC regulations regarding advisory services.
