Regulatory Alerts2025-08-22
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Bulletin 3209 - August 22, 2025
The Banking Commissioner revoked the broker-dealer registration of Phillips & Company Securities Inc. effective August 22, 2025, following the firm's failure to request a hearing on a prior Notice of Intent to Revoke Registration. This action was taken because the firm failed to maintain a required broker-dealer agent registration in violation of the Connecticut Uniform Securities Act and did not remedy the situation after regulatory communications. The revocation occurred by default due to the firm's non-response to the administrative proceedings.
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