The Department of Banking News Bulletin
Bulletin # 2298
Week Ending March 7, 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.
NEW BANK ACTIVITY
On March 6, 2008, pursuant to Section 36a-70(l) of the Connecticut General Statutes, the Banking Commissioner, State Treasurer, and State Comptroller issued a final certificate of authority to Quinnipiac Bank & Trust Company, authorizing it to commence the business of a bank and trust company. The bank officially opened on the same date at 2600 Dixwell Avenue, Hamden, Connecticut.
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Order to Cease and Desist Made Permanent;
$1,500 Fine Imposed for Unregistered Agent Activity
Order to Cease and Desist Made Permanent;
$1,500 Fine Imposed for Unregistered Agent Activity
On February 20, 2008, the Banking Commissioner entered a Consent Order with respect to Louis John Liberatore, Sr. of Bluepoint, New York. The respondent had been the subject of an October 23, 2007 Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing alleging that the respondent, while associated with Great Eastern Securities, Inc., a Connecticut registered broker-dealer, effected transactions in the securities of Galaxy Energy Corp. while not registered as an agent under the Connecticut Uniform Securities Act. The Consent Order rendered the October 23, 2007 Order to Cease and Desist permanent and fined the respondent $1,500.
Order to Cease and Desist Made Permanent;
$2,500 Fine Imposed for Unregistered Agent Activity
$2,500 Fine Imposed for Unregistered Agent Activity
On January 29, 2008, the Banking Commissioner entered a Consent Order with respect to Albert Robert Puccerella III a/k/a John Higgins of Staten Island, New York. The respondent had been the subject of an October 23, 2007 Order to Cease and Desist, Notice of Intent to Fine and Notice of Right to Hearing alleging that the respondent, while associated with Great Eastern Securities, Inc., a Connecticut registered broker-dealer, effected transactions in the securities of American Oil & Gas Inc. and ChipMOS Technologies (Bermuda) Ltd. while not registered as an agent under the Connecticut Uniform Securities Act. The Consent Order rendered the October 23, 2007 Order to Cease and Desist permanent and fined the respondent $2,500.
Dated: Tuesday, March 11, 2008
Howard F. Pitkin
Banking Commissioner