Regulatory Alerts2013-07-12
Added · Updated
Bulletin 2577 - July 12, 2013
The Connecticut Department of Banking solicits public comments on branch applications from Liberty Bank and Rockville Bank, with a ten-day deadline for written submissions. The Banking Commissioner issued a Notice of Intent to Revoke the agent registration of David Miller following his guilty plea to wire fraud and related securities violations. Ocean Cross Capital Markets LLC agreed to pay a $1,000 fine for failing to facilitate an examination, employing an unregistered agent, and selling unregistered stock. Additionally, an Order to Cease and Desist and Notice of Intent to Fine were issued against Anthony Charles Vassallo, Terra Energy LLC, Terra Energy Resources Ltd., and Christian Meissenn for offering unregistered securities, misappropriating investor funds, and making false statements to regulators.