Regulatory Alerts2026-01-16
Added · Updated
Bulletin 3230 - January 16, 2026
The Connecticut Department of Banking issued a Notice of Intent to Issue an Order to Cease and Desist and impose a civil penalty against Omnipoint Management Solutions LLC for operating as an unlicensed consumer collection agency and violating harassment and communication regulations. Additionally, an Order to Cease and Desist, along with notices of intent to fine and revoke registrations, was issued against J. Davenport Advisors, LLC and its CEO John F. Davenport for failing to maintain accurate records, providing inaccurate disclosures on Form U-4, lacking adequate supervisory procedures, and engaging in unethical business practices.
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