Regulatory Alerts2025-06-27
Added · Updated
Bulletin 3201 - June 27, 2025
The Connecticut Department of Banking enforces consent orders against Landmark Strategy Group, LLC and Systems & Services Technologies, Inc. d/b/a SST, each paying $10,000 in civil penalties and $800 in back licensing fees for operating without required consumer credit licenses. The Department also fines CFIG Investment Advisory Services, LLC $10,000 and mandates a three-year regulatory consultant engagement for compliance failures, while permanently barring Ian Michael Pierce from securities activities and staying a $100,000 fine due to his inability to pay restitution. Additionally, Public Act No. 25-85 creates a broker-dealer exemption for merger and acquisitions activities and imposes notice filing and $250 fee requirements for Regulation A Tier 2 securities offerings.