Regulatory Alerts2005-08-26
Added · Updated
News Bulletin 2166 - August 26, 2005
The Connecticut Department of Banking permanently bars Kevin O. Kelley from conducting securities business in the state following a Consent Order for selling unregistered securities and engaging in fraudulent practices that caused over $5.1 million in investor losses. The order prohibits Kelley from acting as a broker-dealer, agent, or investment adviser and requires him to cease and desist from regulatory violations, with no fine imposed due to parallel federal actions. Additionally, the bulletin lists branch activity filings and openings for Rockville Bank and Commerce Bank, N.A., while inviting public comments on these applications within ten days.
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