Regulatory Alerts2016-07-29
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Bulletin 2736 - July 29, 2016
The Connecticut Department of Banking issued a Consent Order against iServe Residential Lending, LLC requiring a $10,000 civil penalty and supplemental bonds for unlicensed mortgage servicing. The Department revoked the license of Vision Financial Corp and ordered it to cease operations for failing to maintain a required surety bond. Additionally, the Commissioner denied investment adviser agent registration to Robert Neil Tricarico and imposed a $100,000 fine on him and his entity, RNT Wealth Management LLC, for securities violations and misappropriation. Harbor Vista Wealth Management LLC had its investment adviser registration denied and was fined $25,000 for misleading regulatory filings regarding Tricarico.
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