Regulatory Alerts2017-11-03
Added · Updated
Bulletin 2802 - November 3, 2017
The Banking Commissioner permanently enforced cease and desist and restitution orders against Tyrol Group, LLC, Native American Tyrol Energy, LLC, and Lee Tyrol, and imposed a joint and several $100,000 fine for selling approximately $587,000 in unregistered securities and violating antifraud provisions. The Department of Banking also published a 30-day public comment period for the Savings Bank of Danbury's proposed closure of its Wolcott Street branch and confirmed the approval of a new full-service branch for Sikorsky Financial Credit Union, Inc.
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