The Department of Banking News Bulletin
Bulletin # 2514
Week Ending April 27, 2012
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
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.
The Bank of New Canaan
* 855 Main Street
Bridgeport, CT 06604
Intent not to
|* Limited Branch|
CREDIT UNION ACTIVITY
On April 26, 2012, pursuant to Section 36a-468a of the Connecticut General Statutes, Mutual Security Credit Union, Inc., Shelton, Connecticut, and Connecticut Energy Employees Credit Union, Inc., Bridgeport, Connecticut, both Connecticut credit unions, were granted approval for the merger of Connecticut Energy Employees Credit Union, Inc., with and into Mutual Security Credit Union, Inc.
CONSUMER CREDIT DIVISION ACTIVITY
Check Cashing Service License Activity
Amado America LLC
21 New Britain Avenue
Hartford, CT 06106
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Stipulation and Agreement
On April 24, 2012, the Banking Commissioner entered into a Stipulation and Agreement with Gigapix Studios, a securities issuer located in Chatsworth, California. The Stipulation and Agreement alleged that in 2007, the company offered and sold unregistered securities in violation of Section 36b-16 of the Connecticut Uniform Securities Act and that in 2009 Gigapix Studios, Inc. made a late Rule 506 notice filing in conjunction with another offering. The Stipulation and Agreement fined Gigapix Studios, Inc. $1,300; directed it to refrain from further violations of Section 36b-16 of the Act; and required that, for three years, the company retain Connecticut securities counsel to advise it prior to any Connecticut offers or sales.
On April 27, 2012, the Banking Commissioner entered a Consent Order with respect to Aegis Capital Corp., a Connecticut registered broker-dealer having its principal office in New York, New York. The Consent Order alleged that the firm failed to comply with recordkeeping requirements by not including on a preliminary trade notification the amount of the markup charged on principal transactions. The Consent Order fined the firm $15,000 and directed that it cease and desist from engaging in violative conduct.
Dated: Tuesday, May 1, 2012
Howard F. Pitkin