Regulatory Alerts2021-12-24
Added · Updated
Bulletin 3018 - December 24, 2021
The Connecticut Department of Banking solicits written comments on Felix Scherzer’s proposed acquisition of over 10% of Patriot Bank, N.A., and on the application to organize The New Canaan Bank, with a ten-business-day deadline for submissions. The department approved a relocation of a branch for Connecticut State Employees Credit Union, Inc. Additionally, the Banking Commissioner resolved a securities violation by requiring Lifestyle Freedom Advisory Group, LLC to pay a $7,500 fine and $150 in fees, and issued a notice of intent to revoke KJM Securities, Inc.'s broker-dealer registration due to failure to file financial reports and cessation of business.
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