Regulatory Alerts2008-09-05
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News Bulletin 2324 - September 5, 2008
The Connecticut Department of Banking entered a Consent Order with Westrock Advisors, Inc., alleging violations of the Connecticut Uniform Securities Act including employing unregistered agents, selling unregistered securities, and failing to maintain adequate supervisory controls. The order addresses specific misconduct occurring between 2005 and 2007, such as paying commissions to non-FINRA members and compensating unregistered sales assistants. Additionally, the bulletin announces the 20th annual Securities Forum scheduled for October 23, 2008, with registration fees set at $70 or $60 for early registration by September 26, 2008.
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