Regulatory Alerts2020-05-01
Added · Updated
Bulletin 2932 - May 1, 2020
The Connecticut Department of Banking approved Evolve Bank & Trust to establish a loan production office in West Hartford. The Department entered a Consent Order with Great Heritage Investments, LLC and George Henry Messier, requiring a $20,000 fine, the retention of a regulatory consultant for three years, and restrictions on custody, advertising, and investment advisory activities. Additionally, an Order Modifying a 2012 Consent Order was entered with Bankers Life and Casualty Company, permitting insurance producers to access consumer statements and discuss general asset diversification while prohibiting specific securities recommendations.
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