DOB: News Bulletin 2279 - October 26, 2007

The Department of Banking News Bulletin 

Bulletin # 2279
Week Ending October 26, 2007

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 Howard F. Pitkin, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail. Written comments will be considered only if they are received within ten days from the date of this bulletin.


 
NOTICE OF INTENT TO ADOPT REGULATIONS
 
The Commissioner is issuing a Notice of Intent to Adopt Regulations concerning consumer collection agencies.  Interested persons who wish to receive copies of the proposed regulations may contact the Legal Division of the Department at 860-240-8142, or view the proposed regulations at the Departmentís Web site.
 
ACQUISITIONS
 
On October 24, 2007, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Christopher J. Lavin of more than 10 percent but less than 25 percent of the voting securities of The Wilton Bank.
 
On October 24, 2007, pursuant to Section 36a-185 of the Connecticut General Statutes, the Commissioner issued a notice of intent not to disapprove the acquisition by Lauren E. Ruttkamp of more than 10 percent but less than 25 percent of the voting securities of The Wilton Bank.
 
SECURITIES AND BUSINESS INVESTMENTS DIVISON ACTIVITY
Stipulation and Agreement
 
On October 23, 2007, the Banking Commissioner entered into a Stipulation and Agreement with Roger J. Giordano, principal of RJ Giordano & Associates of 450 Heritage Road, Southbury, Connecticut.  The Stipulation and Agreement claimed that from approximately September 2004, Roger J. Giordano transacted business as an investment adviser while unregistered in contravention of Section 36b-6(c) of the Connecticut Uniform Securities Act.  The Stipulation and Agreement acknowledged Roger J. Giordanoís representation that he had ceased offering investment advice to clients.  The Stipulation and Agreement required that Roger J. Giordano pay $2,500 to the department.  Of that amount, $750 constituted an administrative fine and $1,750 represented past due registration fees.
 
 
 
       Dated:  Tuesday, October 30, 2007
 
       Howard F. Pitkin
       Banking Commissioner