The Department of Banking News Bulletin
Bulletin # 1918
Week Ending November 24, 2000
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, Banking Commissioner, at the Connecticut Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800 or via E-mail to firstname.lastname@example.org. 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
New York Agent Ordered to Cease and Desist from Regulatory Violations;
Notice of Intent to Fine Issued
On November 21, 2000, the Banking Commissioner entered an Order to Cease and Desist and Notice of Intent to Fine against Nicholas Mario Antonelli of 25 Sioux Drive, Commack, New York. The action alleged that Antonelli, formerly affiliated with the securities brokerage firm of Morgan, Taylor & Associates, Inc., transacted business as an agent of that firm in Connecticut absent registration under the Connecticut Uniform Securities Act. The Order to Cease and Desist and Notice of Intent to Fine also claimed that Antonelli violated Section 36b-31-6e of the Regulations under the Act by engaging in private securities transactions without notice to his employing broker-dealer. Respondent Antonelli was afforded an opportunity to request a hearing on the Order to Cease and Desist. A hearing on the Notice of Intent to Fine has been scheduled for January 10, 2001.
CREDIT UNION DIVISION ACTIVIY
Pursuant to Section 36a-469 of the Connecticut General Statutes, on November 16, 2000, the Stamford Municipal Employees Federal Credit Union filed for approval to convert from a federal credit union to a Connecticut credit union.
John P. Burke