Regulatory Alerts2012-02-17
Added · Updated
Bulletin 2504 - Feb. 17, 2012
The Connecticut Department of Banking revokes Southridge Investment Group’s broker-dealer registration and imposes a $250,000 fine for selling unregistered securities, allowing an unregistered principal, and failing to maintain supervisory procedures and email records. The Department enters a consent order fining Attilio Anthony Foschini $2,500 for ethical irregularities involving unauthorized account access at a former firm. Additionally, the bulletin lists administrative updates including a branch address change for Naugatuck Savings Bank, a notice of intent not to disapprove for Liberty Bank, a consolidation filing for Rockville Bank, and the approval of a check-cashing license for A1 Check Cashing, LLC.
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