Regulatory Alerts2022-07-01
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Bulletin 3045 - July 1, 2022
The Department of Banking scheduled a hearing for July 7, 2022, to vote on the application by Frederick R. Afragola and others to organize The New Canaan Bank in Connecticut. Additionally, the Commissioner entered into a Consent Order with Lockhart, Morris & Montgomery, Inc., requiring a $10,800 payment for operating as an unlicensed consumer collection agency. The department also finalized a Stipulation and Agreement with Fortis Group Advisors, LLC, imposing a $5,500 penalty for employing an unregistered investment adviser agent.
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