Regulatory Alerts2014-12-19
Added · Updated
Bulletin 2652 - December 19, 2014
The Connecticut Department of Banking lists branch activity applications for Fairfield County Bank, Simsbury Bank & Trust Company, and First County Bank, including a filed application for a loan production office in Warwick, Rhode Island. The Banking Commissioner entered a Consent Order with HFP Capital Markets LLC, fining the firm $3,500 for violations of the Connecticut Uniform Securities Act, including selling unregistered securities, failing to maintain net capital, employing unregistered agents, and maintaining inadequate supervisory systems. The firm is directed to cease and desist from these violations and acknowledged having made a $30,000 restitutionary payment to an affected investor.
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