DOB: News Bulletin 2116 - September 10, 2004

The Department of Banking News Bulletin

 Bulletin # 2116
Week Ending September 10, 2004

This bulletin constitutes the only official notification you will receive from this office concerning any of the following applications. Any observations you may have are solicited. Any comments should be in writing to John P. Burke, Commissioner of Banking, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to john.burke@ct.gov. Written comments will be considered only if they are received within ten days from the date of this bulletin.


SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY 
Wilton Firm Assessed $4,200 for Unregistered Investment Advisory Activity

On September 9, 2004, the Commissioner entered a Consent Order with respect to Retirement and Investment Advisers, LLC of 71 Grey Rocks Road, Wilton, Connecticut. The Consent Order alleged that, from April 2003 forward, the firm transacted business as an investment adviser and employed an unregistered investment adviser agent in violation of Section 36b-6(c) of the Connecticut Uniform Securities Act. The Consent Order required that the firm implement revised supervisory procedures designed to improve compliance with state licensing requirements and that the firm pay $4,200 to the department. Of that amount, $3,500 constituted an administrative fine, $200 represented past due investment adviser and investment adviser agent registration fees, and $500 represented reimbursement for agency investigative costs.

Retirement and Investment Advisors, LLC and its investment adviser agent became registered under the Act on September 9, 2004.

CREDIT UNION ACTIVITY 
Field of Membership

On September 7, 2004, pursuant to Section 36a-462b(d) of the Connecticut General Statutes, Corporate America Family Credit Union, Elgin, Illinois, filed a request for approval to expand its field of membership in the State of Connecticut to employees of Bristol Grill who are paid or supervised from Bristol, Connecticut.

On July 27, 2004, pursuant to Section 36a-462b(d) of the Connecticut General Statutes, the Commissioner granted approval to Corporate America Family Credit Union to expand its field of membership to include employees of Sheriden Woods Health Care Center, Bristol, Connecticut.

Dated: Tuesday, September 14, 2004

John P. Burke
Commissioner