Regulatory Alerts2015-10-30
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Bulletin 2697 - October 30, 2015
The Department of Banking approved Liberty Bank's acquisition of Naugatuck Valley Financial Corporation and its subsequent merger with Naugatuck Valley Savings and Loan. A consent order was entered against Acerbus, LLC, Red Advisors LLC, Domum Equity entities, and Andres Dario Rojo for unregistered investment adviser activities and securities filing violations, requiring $5,950 in fines and fee reimbursements. Red Advisors LLC and Rojo became registered as an investment adviser and agent, respectively, on October 26, 2015. The bulletin also notes the closing of a Connecticut Community Credit Union branch in Pawcatuck.
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