UFG Wealth Management Limited

An administrative penalty in the amount of $6,000.00 was imposed on UFG Wealth Management Limited for the following contraventions: section 71(1) of the Securities and Investments Business Act, 2010 for failing to submit its audited financial statements for the 2012 financial year - $5,000.00; and section 11(3)(a) of the Securities and Investments Business Act, 2010 for its failure to obtain prior written approval of the Commission to cause, permit or acquiesce in a sale, transfer, charge or other deposition shares held in the Licensee - $1,000.00.