Regulatory Alerts2012-11-30
Added · Updated
Bulletin 2545 - November 30, 2012
The Connecticut Department of Banking issued a consent order prohibiting Connie Hernandez from holding any position in regulated financial entities due to a first-degree larceny conviction. Sentinel Trust Company filed an application to establish a fiduciary office in Milford, Connecticut, while Connex Credit Union filed for branch activity in Branford. The Banking Commissioner imposed a 120-day interim suspension and heightened supervisory conditions on broker-dealer agent William F. Wadsworth, Sr., and fined Eric Olojugba $25,000 for failing to update registration filings. Additionally, Ace’s Smoke and Cell Shop LLC was ordered to pay a $3,000 civil penalty for missing financial statements, and Reliant Account Management, LLC was fined $2,500 and required to cease unlicensed money transmission and refund fees.