Regulatory Alerts2012-11-09
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Bulletin 2542 - November 9, 2012
The Commissioner approved United Financial Bancorp, Inc.'s acquisition of New England Bancshares, Inc. and the subsequent merger of New England Bank into United Bank. The Connecticut Superior Court entered a permanent injunction, asset freeze, and appointed a receiver for The Magic Plunger, LLC and its principals, requiring a $200,000 escrow deposit to benefit investors. The Commissioner issued enforcement orders against DFS Capital Management, LP and John Vincent Greco for unregistered investment advising and antifraud violations, and against two debt resolution firms for operating without licenses and charging excessive fees, imposing $100,000 civil penalties on each.
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