Regulatory Alerts2013-09-30
Added · Updated
Fall 2013 Securities Bulletin
Public Act No. 13-106 amends the Connecticut Uniform Securities Act to update margin status references, conform federal section citations, and expressly include closed-end funds in notice filing requirements effective October 1, 2013. Public Act No. 13-258 increases the monetary penalty for willful violations of the Connecticut Uniform Securities Act and the Connecticut Business Opportunity Investment Act from $2,000 to $3,500. The Department of Banking also issued administrative orders including cease and desist orders, fines, and registration revocations against multiple individuals and entities for securities fraud, unregistered transactions, and other regulatory violations.
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