Regulatory Alerts2003-06-30
Added · Updated
Connecticut Securities Bulletin Summer 2003
The Connecticut Department of Banking mandates that all investment adviser and agent renewal filings be processed only if submitted electronically via the IARD system, effective November 2003. The Division warns that permitting customers to pre-sign blank forms constitutes dishonest or unethical practice under the Connecticut Uniform Securities Act, potentially leading to suspension or revocation of registration. Recent enforcement actions include $30,000 fines against Karl Ramonas and The Marketrack Investment Club for selling unregistered securities and fraud, a $20,000 fine against Tri-West Investment Club for fraudulent membership unit sales, and various consent orders imposing bars, fines, and activity restrictions on individual agents and broker-dealers.
More like this from CTDOB
CTDOB published 3 documents in the last 30 days. We email you each new one the day it's published.