State of Connecticut Department of Banking

To protect the health and safety of the public and our employees, the Department of Banking has limited the number of employees at our office at 260 Constitution Plaza in Hartford. When contacting the Department, please use electronic communication whenever possible. Consumers are encouraged to use our online form for complaints. If you are unsure where to send an inquiry, you may send it to Department.Banking@ct.gov and it will be routed appropriately. Thank you for your patience during this time.

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IN THE MATTER OF:

SPEED OF THOUGHT
TRADING CORPORATION



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CERTIFICATION

DOCKET NO. CF-13-7839-S


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

1. On September 16, 2013, the Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing (collectively “Notice”) against Speed of Thought Trading Corporation (“Respondent”), a copy of the Notice is attached hereto and incorporated by reference herein;
2. The Order to Cease and Desist provided that it would remain in effect and become permanent against Respondent if a hearing was not requested within 14 days of its receipt;
3. On September 16, 2013, the Notice was sent by certified mail, return receipt requested, to Respondent;
4. On September 26, 2013, the Notice was returned to the Department of Banking marked “Return to Sender – Attempted – Not Known – Unable to Forward”;
5. On October 2, 2013, the Notice was served on the Commissioner, and on October 3, 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:  Speed of Thought Trading Corporation dated October 3, 2013 (“Notice of Service”), was sent by registered mail, return receipt requested, to Respondent;
6. Respondent has failed to request a hearing on the allegations set forth in the Order to Cease and Desist within 14 days of the date of the Notice of Service; and
7. On October 18, 2013, the Order to Cease and Desist issued against Respondent became permanent.

Dated at Hartford, Connecticut,    HOWARD F. PITKIN
this 28th day of October 2013.    BANKING COMMISSIONER    
    
By: ____/s/________________ 
  Elena Zweifler
  Staff Attorney 

 

Administrative Orders and Settlements