Regulatory Alerts2021-03-31
Added · Updated
Spring 2021 Securities Bulletin
Effective January 4, 2021, unit investment trusts may use the NASAA Electronic Filing Depository for covered securities notice filings in Connecticut, though paper filings remain accepted. The Banking Commissioner entered consent orders against Thomas James Renison and Thomas David Renison, permanently barring them from transacting business in the state and staying fines of $100,000 and an unspecified amount respectively due to financial inability to pay. Frederic H. Salusbury was fined $5,000 for selling an unregistered $100,000 promissory note, while AE Wealth Management, LLC, Chatsworth Securities LLC, and Volumetric Fund, Inc. paid administrative fines and fee reimbursements totaling $19,555 for registration and filing violations.