Regulatory Alerts2016-09-02
Added · Updated
Bulletin 2741 - September 2, 2016
The Connecticut Department of Banking approved Bankers’ Bank Northeast’s application to organize BBN Financial Corporation as a bank holding company to acquire the bank. The Department entered a Consent Order with Entertainment Only, LLC, fining it $2,500 and directing repayment of a $44,000 balance from agent proceeds for selling unregistered securities. A Stipulation and Agreement with Hunton Oil Partners LP, Giddings Oil and Gas LP, and Asym Energy Fund III LP required the funds to remit $1,000 for past due fees and cease violations. Additionally, an Order to Cease and Desist and Notice of Intent to Fine were issued against Tyrol Group, LLC, Native American Tyrol Energy, LLC, and Lee Tyrol for selling approximately $587,000 in unregistered securities and violating antifraud provisions.