LARA Corporations, Securities & Commercial Licensing Bureau Orders Cease and Desist for New York-Based Wealth4AllTeam, Inc., and CEO Daniele Cianciulli

Contact: Melanie Brown 517-373-9280
Agency: Licensing and Regulatory Affairs

October 29, 2013 - Licensing and Regulatory Affairs (LARA) Bureau of Corporations, Securities & Commercial Licensing Bureau (CSCL) today issued a cease and desist order to Wealth4allteam, Inc., and its’ CEO Daniele Cianciulli for operating without being registered in any capacity under the Securities Act in Michigan.  The cease and desist order was issued after an investigation by the LARA Corporations, Securities & Commercial Licensing Bureau, which licenses and regulates individuals and entities in the securities industry.    

The investigation by the CSCL Securities Division found multiple violations of the Michigan Uniform Securities Act (2002), 2008 PA 551, MCL 451.2101 et seq. (“Securities Act”):

  • Multiple acts of offering and/or selling unregistered securities without being registered as a securities agent in Michigan
  • Multiple acts of material misstatements of fact and material omissions in connection with the offer and sale of unregistered securities

Questions for the Securities Division should be routed to CSCL-Securities&Audit-div@michigan.gov, the website address is www.michigan.gov/securities, and the phone number is 517-241-6345.   

The Securities Division administers the Michigan Uniform Securities Act and the Living Care Disclosure Act, regulating securities offering, broker-dealers, securities agents, investment advisers, investment adviser representatives and living care facilities.  The division is committed to educating and protecting Michigan investors and consumers while fostering efficient capital formation in Michigan. 

For more information about LARA, please visit www.michigan.gov/lara
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