Regulatory Alerts2016-01-29
Added · Updated
Bulletin 2710 - January 29, 2016
The Connecticut Department of Banking solicits written public comments on a loan production office branch application filed by United Bank in Rockville, CT, within ten days of the bulletin date. The Commissioner issued a cease and desist order and a $100,000 civil penalty against Quick Mortgage Solutions for conducting unlicensed debt negotiation activities in violation of Connecticut General Statutes Section 36a-671(b). Additionally, a consent order fined Q 350 Ely LLC $1,000 and its managers James P. Quinn and Gary Youm $13,000 jointly and severally for selling unregistered securities and employing unregistered agents in violation of the Connecticut Uniform Securities Act.
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