Regulatory Alerts2021-04-09
Added · Updated
Order to Cease and Desist and Notice of Intent to Fine Against Jax Acquisitions II LLC
The Connecticut Banking Commissioner orders Jax Acquisitions II LLC to cease and desist from offering and selling unregistered securities in Connecticut, specifically Jax II Units sold to three investors without registration or valid exemption filings. The Commissioner intends to impose a fine of up to $100,000 per violation for breaching Section 36b-16 of the Connecticut Uniform Securities Act. The Respondent must request a hearing in writing within fourteen days of receipt, or the order becomes permanent and the maximum fine may be imposed.
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