Regulatory Alerts2013-12-27
Added · Updated
Bulletin 2601 - December 27, 2013
The Commissioner approved the merger of The Northern Trust Company of Connecticut into Northern Trust Investments, Inc. Enforcement actions were taken against multiple entities for engaging in debt negotiation without a required license, including Temporary Cease and Desist orders, restitution mandates, and civil penalties of $100,000 each for Network Solutions Center Inc., Silver Law Center Inc., and Integrity Modification Co. A Consent Order was entered with James F. Barker and related companies, requiring them to cease unlicensed debt negotiation and repay fees to Connecticut residents. Additionally, a petition for declaratory ruling by Paul V. Carty regarding orders against Sameer Qadri was denied as an impermissible second request for reconsideration.