Regulatory Alerts2016-12-31
Added · Updated
Winter 2016 Securities Bulletin
The Connecticut Department of Banking revoked the broker-dealer registration of The Dratel Group, Inc. effective November 4, 2016, due to prior FINRA expulsion and New Jersey revocation. The department issued cease and desist orders against Meyers Associates, L.P., Hai Khoa Dang, Robert Lawrence Gray, Cantone Research Inc., and Victor Polakoff for violations including failure to maintain records, offering unregistered securities, and aiding a barred individual. David Lerner Associates, Inc. was fined $5,000 and directed to cease and desist for failing to supervise agent activities regarding IRA distributions. The bulletin also provides statistical summaries of licensing, examinations, and enforcement actions for the year.
Topics
Share