Seems less than kosher for a state senator to make money via KACo. That’s a lot of hands in the cookie jar with no one watching.
The hot talk among various judges-executive is that CIVIC is an alleged extension of KACo.
Rule G-23 of the Municipal Securities Rulemaking Board requires financial advisors to be registered. So KACo allegedly started a company and threw in some cash so they could get around the rule of registering as a financial advisor. (Note that KLC doesn’t play that game)
This doesn’t pass the smell test in the least.