Regulatory Alerts2025-11-21
Added · Updated
Bulletin 3222 - November 21, 2025
The Connecticut Department of Banking approves Mutual Security Credit Union's request to expand its field of membership to include AAA Club Alliance and Underserved Communities Foundation members and employees. The Commissioner issues an Order of Summary Suspension and Notice of Intent to Revoke the license of ATG Credit, LLC for failing to submit required financial statements and notify the department of net worth decreases and external regulatory actions. An amended enforcement action is issued against D & M Group, LLC and related entities for selling approximately $5.7 million in unregistered securities through alleged affinity fraud, adding one investor with $230,000 in losses. Consent orders bar Carl Benjamin Levi Anderson for seven years and fine Stifel, Nicolaus & Company, Inc. $20,000 while requiring $10,832.43 in restitution for unreasonable commissions charged on equity transactions.