Regulatory Alerts2010-06-04
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News Bulletin 2415 - June 4, 2010
The Connecticut Department of Banking approved The Milford Bank's notice of intent to establish a branch at 250 Barnum Avenue in Stratford. Generation Mortgage, LLC agreed to pay a $1,000 civil penalty for employing an unlicensed mortgage loan originator. Itradedirect.com Corp. received an order to cease and desist, a notice of intent to revoke its broker-dealer registration, and a notice of intent to fine for undisclosed handling fees, employing unregistered agents, and using unapproved sales scripts. Nicholas Alexander Smirnow was ordered to pay an $85,000 fine for offering and selling unregistered membership interests in a high-yield investment program.
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