Regulatory Alerts2013-05-17
Added · Updated
Bulletin 2569 - May 17, 2013
The Connecticut Banking Commissioner made a prior cease and desist order permanent against First Financial LLC and Feisal Sharif, fining each $200,000 for selling unregistered securities and fraud involving over $6 million in investor funds. Default fines of $50,000 each were imposed on Method Films, Thierry Thelemaque, Stilas Financial Services, Matthew Bennett Greene, Mohr & Moore, and William Elmer Moore for violations of the Connecticut Uniform Securities Act. Consent orders required Great Western Financial Services, M&G Mortgage Services, and First Choice Mortgage Services to pay $2,500 civil penalties for failing to file required mortgage call reports. Additionally, Rose Marie Hollander was permanently barred from debt negotiation, while AmerAssist and TekCollect faced summary suspension of their consumer collection agency licenses for trust account violations and other regulatory breaches.