Regulatory Alerts2020-06-30
Added · Updated
Summer 2020 Securities Bulletin
The Connecticut Department of Banking imposed fines, revoked registrations, and entered consent orders against various securities entities and individuals for violations including fraud, selling unregistered securities, and inadequate supervision. Specific penalties include a $300,000 fine for ARO Equity LLC, $100,000 fines and registration revocations for James Thomas Booth and Insurance Trends Inc., and a $150,000 fine for Merrill Lynch. The bulletin also details consent orders requiring disgorgement of commissions from Jabez Financial, LLC and its principals, and mandates compliance improvements for Great Heritage Investments, LLC.
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