Regulatory Alerts2019-08-09
Added · Updated
Bulletin 2894 - August 9, 2019
The Connecticut Department of Banking issued a Consent Order against New Haven County Credit Union, Inc. for engaging in unsafe and unsound practices. The Department automatically suspended the mortgage lender license of 1st Alliance Lending, LLC effective July 31, 2019, due to its failure to maintain a required surety bond. Fastsigns International, Inc. agreed to pay $2,500, comprising a $2,100 administrative fine and $400 in past due registration fees, to resolve allegations of selling an unregistered business opportunity. TAM Capital Management Inc. paid $1,875, including a $1,000 penalty and $875 in past due fees, to settle claims regarding failure to make required investment advisory notice filings.
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