The Department of Banking News Bulletin
Bulletin # 2295
Week Ending February 15, 2008
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.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Order to Cease and Desist and Notice of Intent to Fine Issued Following Allegations of Unregistered Broker-dealer Agent Activity
Order to Cease and Desist and Notice of Intent to Fine Issued Following Allegations of Unregistered Broker-dealer Agent Activity
On February 6, 2008, the Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing against Michael James Maiure of Bethpage, New York. The respondent was formerly associated with the securities brokerage firm Great Eastern Securities, Inc. whose registration had been revoked by the Commissioner on March 22, 2007. The action alleged that, on or about May 17, 2006, and while associated with Great Eastern Securities, Inc., the respondent sold shares of Document Security Systems Inc. to at least one Connecticut investor at a time when the respondent was not registered as an agent of the firm under the Connecticut Uniform Securities Act. Respondent Maiure 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 March 12, 2008.
Dated: Wednesday, February 20, 2008
Howard F. Pitkin
Banking Commissioner