Regulatory Alerts2024-03-31
Added · Updated
Spring 2024 Securities Bulletin
The Connecticut Department of Banking’s Securities and Business Investments Division issued enforcement actions and consent orders against multiple investment advisers, broker-dealers, and individuals for violations including unregistered securities sales, failure to file financial reports, unfair trade allocation, and unreasonable commissions. Specific penalties include a $5,590 payment from Keenan, LLC, a $75,000 fine for Raymond James & Associates, Inc., and a $29,411.76 fine for TradeStation Crypto, Inc., alongside permanent bars and registration revocations for GlennCap LLC and Andrew M. Komarow. The bulletin also details a conditional registration for Layered Financial LLC, restricting its activities for three years, and provides statistical summaries of licensing, examinations, and enforcement remedies for the first quarter of 2024.