Regulatory Alerts2013-01-18
Added · Updated
Bulletin 2552 - January 18, 2013
The Banking Commissioner imposed a $50,000 fine on Steadfast Holdings Group, Inc. for offering and selling unregistered securities, engaging unregistered agents, and violating antifraud provisions. Permanent cease and desist and restitution orders were also entered against the company. Additionally, the Commissioner issued notices of intent to issue cease and desist orders and impose civil penalties against First Choice Mortgage Services, LLC and Fort Funding Corp for failing to timely file required information on the Nationwide Mortgage Licensing System and Registry.
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