Regulatory Alerts2022-12-31
Added · Updated
Winter 2022 Securities Bulletin
The Connecticut Banking Commissioner imposed fines totaling $310,000 against Samuel Klein, Visual Group, LLC, and KF Pecksland, LLC for offering unregistered securities and violating antifraud provisions. The Commissioner issued an Amended Notice of Intent to Deny broker-dealer registration to NYPPEX, LLC and Laurence Geoffrey Allen based on prior New York court injunctions and FINRA expulsion. Consent Orders were entered against Summit Investment Management, LLC for a $10,000 fine regarding billing record failures, The Hop Knot Franchising Corp. and Michael T. Boney for a three-year bar and stayed fine, Heron Bay Capital, LLC for a $6,005 payment regarding unregistered advisory activities, and Hudson Bay Capital Management LP for a $2,500 fine for failing to make required notice filings.