Regulatory Alerts2024-03-01
Added · Updated
Bulletin 3132 - March 1, 2024
The Connecticut Department of Banking entered a Consent Order with True Bullion, LLC and Anthony Allen Anderson, requiring them to offer refunds to eligible Connecticut customers who purchased precious metals prior to July 22, 2021, due to unregistered advisory services and misleading statements. Concurrently, the Department issued a Notice of Intent to Revoke the investment adviser registration of Morse Investment Management Company, Inc., citing its failure to file required financial condition reports since at least 2022. Written comments regarding these actions must be submitted to the Banking Commissioner within ten business days of the bulletin's date.
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