Regulatory Alerts2024-08-16
Added · Updated
Bulletin 3156 - August 16, 2024
The Connecticut Department of Banking entered a Consent Order with Fortress Trust LLC, requiring the payment of a $75,000 civil penalty and compliance with minimum tangible net worth requirements by September 30, 2024, to resolve allegations of statutory violations. The department also issued a Consent Order against Gerald Lawrence White, barring him from transacting business in Connecticut and imposing a $100,000 fine and $50,600 restitution, with the fine waived if he remains financially unable to pay after a three-year stay.
Topics
Share