Regulatory Alerts2016-12-09
Added · Updated
Bulletin 2755 - December 9, 2016
The Connecticut Department of Banking announces the proposed closing of a full-service branch by Savings Institute Bank & Trust in Mystic, CT, with public comments due within ten days. In enforcement actions, the Commissioner ordered Leonardi Ortiz to cease debt negotiation activities and repay $2,805 to affected Connecticut debtors for operating without a license. Landmark Home Loans entered a consent order requiring a $500 civil penalty for failing to timely file quarterly mortgage call reports. Additionally, Meyers Associates, L.P. received an order to cease and desist and faces potential broker-dealer registration revocation and fines for compliance failures, including maintaining inaccurate records and selling unregistered securities.