Regulatory Alerts2015-10-16
Added · Updated
Bulletin 2695 - October 16, 2015
The Connecticut Department of Banking enforced regulatory actions against multiple entities for unlicensed activities and securities violations. Town and Country Acceptance Corporation paid $2,500 in penalties and $1,600 in back fees for unlicensed lending, while Another Level Capital Venture, Inc. was ordered to repay $210,797.68 plus interest for unlicensed debt negotiation. United Collections Recovery, LLC must refund $2,590.02 and other collected funds for unlicensed collection activities, and MCM Holdings, Inc. faces license revocation for failing to designate a qualified individual. In securities matters, Floridel, LLC agreed to cease violations with a temporary stay on restitution, and Carolyn Settzo paid a $3,800 fine and $1,200 in registration fees for acting as an unregistered investment adviser.