Regulatory Alerts2012-03-09
Added · Updated
Bulletin 2507 - March 9, 2012
The Connecticut Department of Banking finalized enforcement actions against multiple entities for securities violations and licensing failures, imposing fines ranging from $1,500 to $100,000. The Department revoked Mortgage Store of Connecticut, LLC's license and levied a $10,000 penalty for employing unlicensed originators and submitting false statements. Additionally, the Department made permanent cease-and-desist orders and imposed fines against Point Stratford Development, LLC, Hector Natera, Yvette Cuccaro, Movies for a Better World, LLC, and Michael J. Martineau for selling unregistered securities and failing to disclose material risks. The Department also entered a stipulation with Fleming, Perry & Cox, Inc., requiring a $2,050 payment for employing unregistered investment adviser agents.