DOB: News Bulletin 2424 - August 6, 2010

The Department of Banking News Bulletin 

Bulletin # 2424
Week Ending August 6, 2010

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.


 
STATE BANK ACTIVITY
Branch Activity
Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided.  Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.
 
Date Bank Location Activity
7/29/10
Farmington Bank
Farmington
FROM: 3 Melrose Drive
          Farmington, CT 06032
TO:     One Farm Glen Blvd
          Farmington, CT 06032
filed to
relocate
 
CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
 
Date Check Casher Location Activity
8/05/10
Rodriguez Communications, LLC
362 Main Street
Danbury, CT 06810
approved

STATE CREDIT UNION ACTIVITY
Branch Activity
 
Date Credit Union Location Activity
8/03/10
Connex Credit Union
North Haven
FROM: 350 Boston Post Road
          Orange, CT  06477
TO:     212 Boston Post Road
          Orange, CT 06477
filed to
relocate
 
 
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Department to Host Securities Forum 2010
 
The State of Connecticut Department of Banking is hosting Securities Forum 2010:  Revolution in Reform, on Tuesday, October 19, 2010 at the New Haven Lawn Club in New Haven, Connecticut.  The program runs from 10:00 a.m. to 4:00 p.m.  The keynote speaker will be David B. Fein, United States Attorney for the District of Connecticut.
 
The program will highlight groundbreaking economic reforms enacted and proposed by the U.S. Congress as well as practical compliance tips for broker-dealers, investment advisers and securities law practitioners.  The registration fee is $70 per person, and includes a luncheon; 2-4 attendees from the same firm pay a discounted fee of $65 per person; and 5 or more attendees from the same firm pay only $60 each.  Don't miss out on this unique opportunity to hear about financial developments from the regulators themselves and to compare notes with other financial services industry professionals.  You can download a registration form and read the agenda on the Department's website.
 

The Advisory Council, Inc. Assessed $1,300
for Delinquent Rule 506 Notice Filing
 
On July 30, 2010, the Banking Commissioner entered into a Stipulation and Agreement with The Advisory Council, Inc., an issuer of securities now or formerly located at 191 Joppa Hill Road, Bedford, New Hampshire, and 1 Stiles Road, Suite 105, Salem, New Hampshire.  The Stipulation and Agreement alleged that, during 2002, the company offered and sold common stock in Connecticut at a time when no registration, exemption or claim of covered security status had been filed under the Connecticut Uniform Securities Act.  On May 12, 2010, The Advisory Council, Inc., made a corrective Rule 506 notice filing under Section 36b-21(e) of the Act for the prior offering of its common stock.  Pursuant to the Stipulation and Agreement, The Advisory Council, Inc., agreed to refrain from offering or selling securities in or from Connecticut absent regulatory compliance and to pay a $1,300 fine to the department.

       Dated:  Tuesday, August 10, 2010
 
 
       Howard F. Pitkin
       Banking Commissioner