Bulletin 2514 - Apr. 27, 2012

State of Connecticut
Department of Banking

The Department of Banking News Bulletin

Bulletin # 2514 -
Week Ending April 27, 2012

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail . Written comments will be considered only if they are received within ten days from the date of this bulletin.

STATE BANK ACTIVITY

Branch Activity

Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided. Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days. Questions concerning branch activity should be directed to the Financial Institutions Division,
(860) 240-8180
.

Date

Bank

Location

Activity

4/25/12

The Bank of New Canaan

New Canaan

• 855 Main Street

Bridgeport, CT 06604

Intent not to

Disapprove

• Limited Branch

CREDIT UNION ACTIVITY

Merger

On April 26, 2012, pursuant to Section 36a-468a of the Connecticut General Statutes, Mutual Security Credit Union, Inc., Shelton, Connecticut, and Connecticut Energy Employees Credit Union, Inc., Bridgeport, Connecticut, both Connecticut credit unions, were granted approval for the merger of Connecticut Energy Employees Credit Union, Inc., with and into Mutual Security Credit Union, Inc.

CONSUMER CREDIT DIVISION ACTIVITY

Check Cashing Service License Activity

Date

Check Casher

Location

Activity

4/19/12

Amado America LLC

21 New Britain Avenue

Hartford, CT 06106

Filed

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY

Stipulation and Agreement

On April 24, 2012, the Banking Commissioner entered into a Stipulation and Agreement with Gigapix Studios , a securities issuer located in Chatsworth, California. The Stipulation and Agreement alleged that in 2007, the company offered and sold unregistered securities in violation of Section 36b-16 of the Connecticut Uniform Securities Act and that in 2009 Gigapix Studios, Inc. made a late Rule 506 notice filing in conjunction with another offering. The Stipulation and Agreement fined Gigapix Studios, Inc. $1,300; directed it to refrain from further violations of Section 36b-16 of the Act; and required that, for three years, the company retain Connecticut securities counsel to advise it prior to any Connecticut offers or sales.

Consent Order

On April 27, 2012, the Banking Commissioner entered a Consent Order with respect to Aegis Capital Corp. , a Connecticut registered broker-dealer having its principal office in New York, New York. The Consent Order alleged that the firm failed to comply with recordkeeping requirements by not including on a preliminary trade notification the amount of the markup charged on principal transactions. The Consent Order fined the firm $15,000 and directed that it cease and desist from engaging in violative conduct.

Dated: Tuesday, May 1, 2012

Howard F. Pitkin

Banking Commissioner