Stipulation and Agreement with Worcester County Fiduciary Advisors, Inc.

Worcester County Fiduciary Advisors, Inc. d/b/a Worcester Advisors agrees to pay a $2,500 administrative fine and $930 in past due registration fees to the Connecticut Department of Banking. The settlement resolves allegations that the firm violated the Connecticut Uniform Securities Act by operating as an unregistered investment adviser in the state from November 24, 2024, onward. The firm consents to the terms without admitting or denying the violations and waives its right to judicial review. The agreement becomes binding upon execution by the Banking Commissioner and the firm.

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IN THE MATTER OF: *
*
WORCESTER COUNTY FIDUCIARY * STIPULATION AND AGREEMENT ADVISORS, INC. * d/b/a WORCESTER ADVISORS * MATTER NO. ST-26-20266-S CRD NO. 106653 * * (“Worcester Advisors”) * *

WHEREAS, the Banking Commissioner (“Commissioner”) is charged with the administration of
Chapter 672a of the General Statutes of Connecticut, the Connecticut Uniform Securities Act (“Act”), as
amended, and Sections 36b-31-2 to 36b-31-33, inclusive, of the Regulations of Connecticut State Agencies (“Regulations”) promulgated under the Act; WHEREAS, Worcester County Fiduciary Advisors, Inc. (“Worcester Advisors”) is a Massachusetts corporation, formed on August 12, 1994, whose principal place of business is located at 446 Main Street, Worcester, Massachusetts, 01608; WHEREAS, Worcester Advisors has been registered as an investment adviser with the Massachusetts Division of Banks since March 20, 2012; WHEREAS, Worcester Advisors is not and has not been registered in any capacity under the Act; WHEREAS, on January 2, 2026, Worcester Advisors applied for registration as an investment adviser in Connecticut under the Act, which application is currently pending; WHEREAS, in connection with Worcester Advisors’s application for registration as an investment adviser in Connecticut, the Commissioner, through the Securities and Business Investments Division (“Division”) of the Department of Banking (“Department”), conducted an investigation of Worcester

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Source: Connecticut Department of Banking — original document · Summary generated with machine assistance and reviewed before publication; the authoritative text is the regulator's original document. How RegAlert works