Regulatory Alerts2012-12-21
Added · Updated
Bulletin 2548 - December 21, 2012
The Connecticut Department of Banking approved a branch application for Connex Credit Union in Branford, CT, requiring a community service plan under Section 36a-145 of the Connecticut General Statutes. The bulletin lists the 2013 state legal holidays, noting that financial institutions must determine their own operating status on these dates. Additionally, the Banking Commissioner issued an Order to Cease and Desist, an Order to Make Restitution, and a Notice of Intent to Fine against Stead-Fast Custom Linings, LLC, Steadfast Holdings Group, Inc., John Calash, Susan Calash, and Christopher Borgo for selling unregistered securities and violating antifraud provisions. The respondents were afforded an opportunity to request a hearing on these enforcement actions.