Regulatory Alerts2022-06-24
Added · Updated
Bulletin 3044 - June 24, 2022
First County Bank filed a notice to close its branch at 48 Atlantic Street in Stamford by October 14, 2022, while 1st Financial Bank USA received approval to establish a loan production office in Woodbury. The Commissioner issued a Temporary Order to Cease and Desist against Sixela LLC d/b/a CNAC for operating as an unlicensed sales finance company and failing to file required notices, ordering restitution of fees and interest. An Order to Cease and Desist and Notice of Intent to Fine were entered against Samuel Klein and related entities for selling unregistered securities and fraud, following Klein's federal sentencing and restitution order. A Consent Order barred Michael M. Reilly and Quantum Capital Investments, LLC from securities activities for seven years and stayed a $15,000 fine due to inability to pay.