Regulatory Alerts2024-02-23
Added · Updated
Bulletin 3131 - February 23, 2024
The Department of Banking suspended Fortress Trust LLC's money transmission license and imposed cease and desist orders due to failures to maintain net worth and update NMLS records. The Commissioner ordered Lycaste, Argolica, Laelia, and Isanthes to cease unlicensed consumer collection activities and imposed civil penalties totaling $200,000. True Bullion LLC and Anthony Allen Anderson entered a consent order requiring refunds to Connecticut customers and prohibiting future violations, with no fine imposed.
Share