Regulatory Alerts2018-02-02
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Bulletin 2815 - February 2, 2018
The Connecticut Department of Banking announces branch relocations and openings for Salisbury Bank and Trust Company, Savings Bank of Danbury, and Sikorsky Financial Credit Union, while noting a merger application between Connecticut Community Credit Union and CorePlus Federal Credit Union. The Department imposed $100,000 fines on CE Capital Limited and Arthur Connolly for offering unregistered securities and violating antifraud provisions, with payment due within 45 days. Additionally, a court permanently enjoined Dale Joseph Quesnel, Sr. from violating state securities laws and ordered him to pay a total of $1.5 million in fines and penalties via monthly installments.
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