Regulatory Alerts2024-12-31
Added · Updated
Fall and Winter 2024 Securities Bulletin
The Connecticut Department of Banking issued administrative actions against Jason A. Goodhue for fraudulent electronic transactions involving approximately $73,000 and unauthorized discretionary trading, and against Russell D. Davis and IRWT, LLC for misleading statements regarding financial holdings. Consent orders were entered with Edward D. Jones & Co., L.P. requiring a $335,754.72 payment for supervisory failures related to mutual fund commissions, and with Gerald Lawrence White, imposing a three-year bar from transacting business and a $100,000 fine for acting as an unregistered investment adviser. Vend Tech International, Inc. was fined $10,000 and ordered to provide rebates for selling unregistered vending machine business opportunities, while the bulletin includes quarterly statistical summaries of licensing, examinations, and enforcement activities.