Regulatory Alerts2011-11-04
Added · Updated
Bulletin 2489, November 4, 2011
ING Investment Management Co. LLC filed an acquisition statement on October 31, 2011, to indirectly acquire 100% of ING Investment Trust Co. shares, pursuant to Section 36a-184 of the Connecticut General Statutes. The Commissioner also issued Notices of Automatic Suspension, Temporary Orders to Cease and Desist, and Notices of Intent to Revoke licenses against East Coast Mortgage Corp. d/b/a Green Brook Mortgage and United Capital Lenders LLC on October 12, 2011. These actions were taken because both entities failed to maintain required surety bonds concurrent with their mortgage lender and mortgage correspondent lender licenses, respectively, violating Section 36a-492 of the Connecticut General Statutes, as amended by Public Act 11-216.