COMMONWEALTH OF PENNSYLVANIA DEPARTMENT OF BANKING AND SECURITIES - NOTICE TO ANSWER AND REQUEST A HEARING

Sep 15, 2026

Notice to answer and request a hearing issued by the Commonwealth of Pennsylvania Department of Banking and Securities, Bureau of Securities Licensing, Compliance and Enforcement, addressing Sinclair Hathaway Holdings, LLC and Gerald J. Lodovico. The document explains the right to challenge an attached Order to Show Cause by filing a written Answer within 30 days, with specific admissions or denials supported by facts, and warns that failure to timely respond may waive a hearing and allow entry of a final order. It also outlines filing and service requirements, contact information, and the governing administrative procedures.

LanguageEnglish

CategoryLetters

FormatPDF

Pages26

Reading Time9 min

AccessFree to download

NOTICE TO ANSWER AND REQUEST A HEARING

Time to file an Answer and consequences

Requirements for admissions, denials, and supporting facts

Where to file and who to serve

Right to counsel and hearing officer information

Governing administrative law and rules

ORDER TO SHOW CAUSE

Purpose and statutory basis of the proceeding

Statement of particulars concerning the Bureau’s inquiry

Parties

Factual allegations (sale of the Sinclair Program)

# COMMONWEALTH OF PENNSYLVANIADEPARTMENT OF BANKING AND SECURITI2S130EC15 PM2:36 | | | | | | --- | --- | --- | --- | | COMMONWEALTH OF PENNSYLVANIA | | | | | DEPARTMENT OF BANKING AND | | | | | SECURITIES,BUREAU OF SECURITIES | | | | | LICENSING,COMPLIANCE AND | | _(SEC-OSC)
Docket No.:130071 | | | ENFORCEMENT | | | | | | | | | | V. | | | | | | | | | | SINCLAIR HATHAWAY HOLDINGS,LLC | | | | | GERALD J.LODOVICO | | | | # NOTICE TO ANSWER AND REQUEST A HEARING You,SINCLAIR HATHAWAY HOLDINGS,LLC AND GERALD J.LODOVICO,have the right to challenge the attached Order to Show Cause("Order")by filing an Answer,inwriting,with the Banking and Securities Commission("Commission")within 30 days of thedate of this Order as required by 1 Pa.Code§35.37.If you do not file an Answer within 30days,then you will waive your right to a hearing and the Commission may enter a finalorder against you. Your Answer must be in writing,specifically admit or deny the allegations in the Order,set forth the facts you rely upon and state concisely the law you rely upon.General denials ofthe allegations set forth in the Order are not sufficient;you must support your denials withspecific facts.Failure to support your denials with specific facts may cause the Commission todeem the facts in the Order as admitted and to enter a final order against you,without a hearing. The Answer and any other documents must be filed with: Linnea Freeberg,Docket ClerkDepartment of Banking and Securities17N.Second Street,Suite 1300Harrisburg,PA17101 Further,you must serve a copy of the Answer and any other documents on the personwho signed the Order by providing a copy to his or her counsel indicated below: John Chiappetta Assistant Counsel,Office of Chief CounselAttorney ID\#62902 FOR:Commonwealth of PennsylvaniaDepartment of Banking and Securities301 Fifth Avenue,Room 290Pittsburgh,PA15222 Once you file your Answer,you will be notified of pertinent information such as thename of the presiding officer designated by the Commission to hear this matter and,if a hearingis scheduled,the date,time and location of the hearing.You have the right to be represented byan attorney. All procedural matters will be governed by the Pennsylvania Administrative AgencyLaw,2 Pa.C.S.§§501-508,701-704,and the General Rules of Administrative Practice andProcedure,1 Pa.CodeS§31.1.-35.251. # COMMONWEALTH OF PENNSYLVANIADEPARTMENT OF BANKING AND SECURITIE&113DEC16 PH 2:3G | | | | --- | --- | | COMMONWEALTH OF PENNSYLVANIA | | | DEPARTMENT OF BANKING AND | | | SECURITIES,BUREAU OF SECURITIES | | | LICENSING,COMPLIANCE AND | Docket No.:1366 (SEC-OSC) | | ENFORCEMENT | | | | | | V. | | | | | | SINCLAIR HATHAWAY HOLDINGS,LLC | | | GERALD J.LODOVICO | | ## ORDER TO SHOW CAUSE You,SINCLAIR HATHAWAY HOLDINGS,LLC AND GERALD J.LODOVICO, are notified that the Department of Banking and Securities(“Department”)through the Bureau ofSecurities Licensing,Compliance and Enforcement(“Bureau”)hereby ORDERS YOU TOSHOW CAUSE why the Banking and Securities Commission(“Commission”)should notimpose the sanctions and remedies described below.Specifically,this proceeding is institutedpursuant to 1 Pa.Code§35.14 to determine: (1) whether the allegations set forth below are true;and (2) if these allegations are true,whether there has been a violation of thePennsylvania Securities Act of 1972(“1972 Act”)or of the regulationspromulgated thereunder;and (3) if so,whether the sanctions and remedies proposed by the Bureau should beimposed by the Commission. The Bureau alleges the following facts and violations of law for the purpose of tentativelyframing the issues for consideration by the Commission.The Commission may consider thismatter directly,or may designate a hearing officer to issue a recommended decision prior to theCommission issuing a final order. ## STATEMENT OF THE PARTICULARS AND MATTERSCONCERNI

FAQs

How long do Sinclair Hathaway Holdings, LLC and Gerald J. Lodovico have to file an Answer?

They must file a written Answer within 30 days of the date of the Order to Show Cause.

What must be included in an Answer to contest the allegations?

The Answer must specifically admit or deny the allegations, set forth supporting facts, and state concisely the law relied upon; general denials are insufficient.

What happens if no Answer is filed within 30 days?

The parties waive the right to a hearing, and the Commission may enter a final order against them without a hearing.

Sep 15, 2026

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