Regulatory Alerts2020-09-04
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Bulletin 2950 - September 4, 2020
The Banking Commissioner entered Orders Imposing Fine against Solace Investments, LLC and Rafael Alves Muzzi for violating antifraud provisions, engaging in dishonest practices, and selling unregistered securities related to FOREX investments. The Commissioner fined each respondent $300,000 after they failed to request a hearing on the allegations. Additionally, Mutual Security Credit Union filed an application to merge with Consolidated Controls Corp. Federal Credit Union, proposing to expand its field of membership to include the select employee group of the federal credit union.
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