Regulatory Alerts2019-10-11
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Bulletin 2903 - October 11, 2019
The Department of Banking revokes the Connecticut mortgage lender license of 1st Alliance Lending, LLC, due to the cancellation of its required surety bond effective July 31, 2019. The Commissioner issues an Order to Cease and Desist, an Order to Make Restitution, and a Notice of Intent to Fine against Reed Francis Bermingham for operating as an unregistered investment adviser and misappropriating $20,400 from a client. Additionally, Dime Bank provides notice of the planned closing of its branch located at 351 North Frontage Road in New London, Connecticut.
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