Regulatory Alerts2021-07-09
Added · Updated
Order Imposing Fine on Jax Acquisitions II LLC
The Connecticut Banking Commissioner imposes a $100,000 fine on Jax Acquisitions II LLC for violating Section 36b-16 of the Connecticut Uniform Securities Act. The Respondent failed to request a hearing within 14 days of the Notice of Service, resulting in the allegations being deemed admitted and the cease and desist order becoming permanent. Jax Acquisitions II LLC must remit the fine to the State of Connecticut via cashier’s check, certified check, or money order within 45 days of the order's mailing.
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