Regulatory Alerts2014-01-10
Added · Updated
Bulletin 2603 - January 10, 2014
The Connecticut Department of Banking approved Rockville Bank’s establishment of two Loan Production Offices in Massachusetts and Connecticut. The Banking Commissioner issued an Order to Cease and Desist, Order to Make Restitution, and Notice of Intent to Fine against Ulysses Partners, LLC and James E. Neilsen for selling approximately $10 million in unregistered securities and operating as an unregistered broker-dealer. Additionally, Fairfield County Mortgage Company surrendered its mortgage broker license under a Consent Order for failing to file required reports and maintain a designated qualified individual, while Fairfield Connecticut Properties, LLC and Charles Wilson entered a Consent Order requiring them to cease unlicensed debt negotiation activities, repay identified residents, and pay a $500 civil penalty.