Regulatory Alerts2016-04-08
Added · Updated
Bulletin 2720 - April 8, 2016
The Connecticut Department of Banking approved the merger of Stratford Municipal Federal Credit Union into Sikorsky Financial Credit Union, Inc. The Commissioner entered into a Consent Order with Another Level Capital Venture, Inc. and Michael Taylor, barring them from debt negotiation in Connecticut and requiring $3,000 monthly restitution payments plus a $10,000 civil penalty for unlicensed activity. UniRush, LLC was also subject to a Consent Order, requiring a $200,000 civil penalty and licensing as a money transmitter for selling unlicensed prepaid cards. Additionally, John A. Tatoian entered a Stipulation and Agreement to refrain from securities violations, retain legal counsel for five years, and reimburse $200 in past due agent registration fees.