Regulatory Alerts2009-12-31
Added · Updated
Winter 2009 Securities Bulletin
The Connecticut Department of Banking issued enforcement actions and fines against multiple entities for securities violations, including a $900,000 fine against Commonwealth Exploration Corporation for selling unregistered interests and a $1.9 million aggregate fine against Resilient Partners, LLC and Carlos M. Garcia, III for operating as unregistered investment advisers. The Department also entered a stop order denying business opportunity registration to Cuppy’s Coffee & More, Inc. due to materially false statements and issued cease and desist orders against Royal Burgundy International, Inc. and Southridge Investment Group LLC for selling unregistered opportunities and failing to maintain supervisory procedures. Additionally, consent orders and stipulations resulted in fines ranging from $1,500 to $2,500 against Perennial Investment Partners, CT Equity Partners, Tix Corporation, and Barnard Jacobs Mellet for unregistered advisory or broker-dealer activities, while a 2007 sales bar against L & L International Holdings was modified to require three years of legal counsel consultation.
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