DOB: Stilas Financial Services, S.A. - Cert CD Perm

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IN THE MATTER OF:

STILAS FINANCIAL SERVICES, S.A.





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CERTIFICATION

DOCKET NO. CRF-13-7997-S



The undersigned hereby certifies, on behalf of the Banking Commissioner (“Commissioner”), that:

1. On March 11, 2013, the Commissioner issued an Order to Cease and Desist, Order to Make Restitution, Notice of Intent to Fine and Notice of Right to Hearing (collectively “Notice”) against Stilas Financial Services, S.A. (“Respondent”), a copy of the Notice is attached hereto and incorporated by reference herein;
2. The Order to Cease and Desist and Order to Make Restitution provided that they would remain in effect and become permanent against Respondent if a hearing was not requested within 14 days of their receipt;
3. On March 11, 2013, the Notice was sent by certified mail, return receipt requested, to Respondent;
4. On March 22, 2013, the Notice was returned to the Department of Banking marked “Return to Sender – Not Deliverable as Addressed – Unable to Forward”;
5. On April 12, 2013, the Notice was served on the Commissioner, and on April 15, 2013, in accordance with Section 36b-33(h) of the General Statutes of Connecticut, Notice of Service on the Banking Commissioner In the Matter of:  Stilas Financial Services, S.A., dated April 15, 2013 (“Notice of Service”), was sent by registered mail, return receipt requested, to Respondent;
6. Respondent has failed to request a hearing on the matters set forth in the Order to Cease and Desist and Order to Make Restitution within 14 days of the date of the Notice of Service; and
7.  On April 30, 2013, the Order to Cease and Desist and Order to Make Restitution issued against Respondent became permanent.

Dated at Hartford, Connecticut,    HOWARD F. PITKIN
this 13th day of May 2013.    BANKING COMMISSIONER    
   
    
  By: ____/s/________________ 
    Paul A. Bobruff
    Principal Attorney 

 


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