Regulatory Alerts2015-06-26
Added · Updated
Bulletin 2679 - June 26, 2015
The Connecticut Department of Banking approved the conversion of First New England Federal Credit Union to Finex Credit Union, a state-chartered entity with a specific field of membership. The Commissioner entered into consent orders requiring Vision Quest Lending to pay a $500 civil penalty for filing failures, and ordering Anthony J. Marchese and Beacon Financial Solutions to cease unlicensed mortgage activities. Additionally, the Commissioner revoked Apex Financial Management's consumer collection agency license for bond violations and issued cease and desist orders against Dale Joseph Quesnel, Sr. and related entities for selling unregistered securities and acting as an unregistered investment adviser agent. A separate consent order fined Peter D. Hershman $3,500 for acting as an unregistered investment adviser agent.