Regulatory Alerts2019-09-13
Added · Updated
Bulletin 2899 - September 13, 2019
The Connecticut Department of Banking entered a Consent Order with Andrew Seafus Prophet and Prophet Financial Planning, LLC, imposing a $10,000 fine and a five-year requirement to retain legal counsel before issuing securities, following violations involving unregistered promissory notes. The Department also executed a Stipulation and Agreement with A&M Capital Advisors, LP, requiring the payment of $3,275 to resolve delinquencies in state notice filings for investment advisory services. Additionally, the bulletin provides a ten-business-day window for public comments regarding the planned closing of a limited branch by American Eagle Financial Credit Union.
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