Regulatory Alerts2013-03-29
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Bulletin 2562 - March 29, 2013
The Connecticut Department of Banking entered consent orders with Vista Investment Advisors LLC, Jensen Legal Group, Generation2 Mortgage, and PHH Mortgage to resolve regulatory violations. Vista Investment Advisors agreed to pay $2,500 for engaging unregistered investment adviser agents. Jensen Legal Group must cease debt negotiation activities, repay fees to Connecticut residents, and pay a $7,500 civil penalty for operating without a license. Generation2 Mortgage paid a $1,000 civil penalty for failing to file required quarterly information, while PHH Mortgage paid $29,000 for employing unlicensed mortgage loan originators.
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