Regulatory Alerts2020-03-13
Added · Updated
Order Imposing Fine on Native American Energy Group, Inc.
The Connecticut Banking Commissioner imposes a $100,000 fine on Native American Energy Group, Inc. for violations of Sections 36b-16 and 36b-4(a) of the Connecticut Uniform Securities Act. The Respondent failed to request a hearing within 14 days of receiving the Notice of Intent to Fine, resulting in the allegations being deemed admitted. The fine must be remitted to the Treasurer of the State of Connecticut via cashier’s check, certified check, or money order within 45 days of the Order's mailing date.
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