Regulatory Alerts2014-11-07
Added · Updated
Bulletin 2646 - November 7, 2014
The Connecticut Department of Banking approved Bank of England to establish a loan production office in Madison and listed branch activities for Liberty Bank, Eastern Savings Bank, United Bank, and Farmington Bank. The Commissioner entered a Consent Order with Equity America Mortgage Services, Inc., resulting in the surrender of its mortgage broker license for failing to file required annual information. An Order to Cease and Desist imposed a $200,000 civil penalty on Financial Link and $100,000 penalties each on individuals Sean P. Miller and Stephen E. De Navea for unlicensed debt negotiation and misleading practices. Additionally, a Consent Order barred Herman Wayne Gibson for ten years and directed Orion Capital LLC to cease violations of the Connecticut Uniform Securities Act due to the sale of unregistered notes.