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Section 36a-145 of the Connecticut General Statutes requires certain applications for a branch, or for a limited branch at which loans will be made, be accompanied by a plan detailing how adequate services to meet the banking needs of all community residents will be provided.  Plans are submitted when such applications are filed and are available for public inspection and comment at this Department for a period of 30 days.  Questions concerning branch activity should be directed to the Financial Institutions Division, (860) 240-8180.

Date	Check Casher	Location	Activity
12/12/09	Primo Services, LLC	337 Grand Avenue New Haven, CT  06513	filed
01/05/10	Connecticut State Check   Cashing Service, Inc.	515 Broad Street Meriden, CT  06450	filed
01/05/10	Connecticut State Check   Cashing Service, Inc.	200-202 West Main Street Meriden, CT  06451	filed
01/05/10	Connecticut State Check   Cashing Service, Inc.	212 Main Street Norwich, CT  06360	filed
01/05/10	Connecticut State Check   Cashing Service, Inc.	18 Main Street New Britain, CT  06051	filed

On January 5, 2010, pursuant to Section 36a-462a(a)(3) of the Connecticut General Statutes, approval was granted to Mutual Security Credit Union, Inc. to relocate its branch office from 404 Westport Avenue, Norwalk, Connecticut, to 295 Westport Avenue, Norwalk, Connecticut.

On January 5, 2010, the Banking Commissioner entered a Consent Order with respect to Mercer Capital Ltd., a Connecticut-registered broker-dealer located at 40 Wall Street, 31st Floor, New York, New York.  The Consent Order alleged that 1) from April 24, 2007 to August 20, 2008, the firm violated Section 36b-6(b) of the Connecticut Uniform Securities Act by employing one or more unregistered agents; 2) between June 4, 2007 and January 22, 2008, the firm violated Section 36b-16 of the Act by offering and selling unregistered securities in Connecticut; and 3) in contravention of Section 36b-31-6f(b) of the Regulations under the Act, the firm failed to establish and implement a system for supervising the activities of its agents that was reasonably designed to achieve regulatory compliance.  The Consent Order directed the firm to cease and desist from regulatory violations.  In addition, the Consent Order required that Mercer Capital Ltd. pay $5,000 to the agency.  Of that amount, $3,500 constituted an administrative fine and $1,500 would be applied to defray the department’s investigative and examination costs associated with the matter.

On January 5, 2010, the Banking Commissioner entered a Consent Order with respect to McMahan Securities Co. L.P., a Connecticut-registered broker-dealer located at 500 West Putnam Avenue, Greenwich, Connecticut.  The Consent Order alleged that 1) for an extended period of time, the firm violated Section 36b-6(b) of the Connecticut Uniform Securities Act by employing numerous unregistered agents; and 2) the firm violated Section 36b-31-6f(b) of the Regulations under the Act in that it failed to implement supervisory procedures designed to uncover such unregistered activity.  The Consent Order directed the firm to cease and desist from regulatory violations and to update its supervisory systems to ensure that all persons requiring agent registration were properly registered.  In addition, the Consent Order required that McMahan Securities Co. L.P. pay $20,130 to the agency.  Of that amount, $13,000 constituted an administrative fine and $7,130 represented reimbursement for past due agent registration fees.