Regulatory Alerts2007-10-05
Added · Updated
News Bulletin 2276 - October 5, 2007
The Connecticut Department of Banking imposes a $200,000 fine on HCH Cypress, LLC and a $400,000 fine on managing member Bradley W. Kabbash for violating securities registration and antifraud provisions regarding unregistered offerings and inadequate disclosures. The Department also fines The McCall Business Group, LLC and principal Cauzae McCall $220,000 each for selling unregistered promissory notes and guaranteeing returns, while permanently enforcing prior cease and desist orders against them. Additionally, former agent Charles Evan Giaimo is barred from securities business in Connecticut for seven years, and Andrew Austin Sirvis is fined $500 for acting as an unregistered agent, with both entering consent orders. The bulletin also announces the approval of Dime Bank to relocate its branch in Norwich and provides details for the upcoming Securities Forum 2007.