Regulatory Alerts2014-07-11
Added · Updated
Bulletin 2629 - July 11, 2014
The Connecticut Department of Banking announces the opening of new branches by the Savings Bank of Danbury in New Milford and Jewett City Savings Bank in Plainfield, with public comment periods ending on July 21, 2014. A special meeting is scheduled for July 25, 2014, to vote on the application to organize Voya Institutional Trust Company. The Commissioner entered into Consent Orders with Approved Credit Solutions LLC and Great Western Financial Services Inc., imposing civil penalties of $3,000 and $4,500 respectively for licensing and reporting violations. Additionally, an Order to Cease and Desist and Notice of Intent to Fine were issued against Nicholas John Moniodes for fraud and selling unregistered securities, with approximately $35,000 still owed to an investor.