Regulatory Alerts2014-03-31
Added · Updated
Spring 2014 Securities Bulletin
The Connecticut Department of Banking issued administrative actions against Meyers Associates, L.P. and Bruce Meyers for supervisory failures, selling unregistered securities, and failing to produce records, while entering similar orders against Ulysses Partners, LLC and James E. Neilsen for marketing unregistered hedge fund notes and violating antifraud provisions. Consent orders were entered with Euro Group of Companies, Inc. to cease and desist from selling unregistered securities and employing unregistered agents, and with Salt Wall Trading, Inc. and Drew R. Fraser, who received a seven-year bar and provided $23,250 in restitution. Additionally, Opportunity Income Plus, LP agreed to pay a $1,300 fine for late Rule 506 notice filings, and the bulletin includes statistical summaries of licensing, examinations, and enforcement activities for the first quarter of 2014.