Regulatory Alerts2018-06-30
Added · Updated
Summer 2018 Securities Bulletin
The Connecticut Department of Banking issued administrative actions, consent orders, and stipulations against multiple entities and individuals for violations including selling unregistered securities, antifraud breaches, and operating as unregistered investment advisers. Specific penalties include a permanent cease and desist order with $700,000 in fines against Signal Lake respondents, and fines ranging from $1,500 to $10,000 against firms such as Moreau Investment Management and Blaine Capital for supervision failures and registration delinquencies. The bulletin also details notices of intent to revoke broker-dealer registrations and orders requiring restitution for investors defrauded by ventures like AFT Logistics and Endeavor Management Solutions.