Regulatory Alerts2022-03-31
Added · Updated
Spring 2022 Securities Bulletin
The Connecticut Banking Commissioner issued administrative actions against J.A.G. Capital, LLC and Joseph Richard Bozzi, Ruben Anibal Macedo, and Pusser’s Holdings Investment LLC, Harbor Cap Partners LLC, and Stuart Jamieson for violations including selling unregistered securities, fraud, and dishonest practices, with orders to cease and desist, make restitution, and face fines. Consent orders were entered with BlockFi Lending LLC, requiring a $943,396.22 fine for selling unregistered digital asset accounts, and with Extreme Marketing Alliance LLC, Matt Graham, and Orlando Diaz, imposing a $10,000 fine, a five-year bar from selling business opportunities, and $116,687 in refunds for unregistered coaching opportunities. The Commissioner also granted a conditional three-year registration to The Financial Wellness Center LLC, restricting its activities to exclude custody of client funds, discretionary trading, and performance fees. The bulletin includes quarterly statistical summaries of licensing, filings, examinations, and enforcement remedies for the first quarter of 2022.