Bulletin # 2464
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.
Merger
SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY
Notice of Intent to Revoke Agent Registration Issued
On May 11, 2011, the Banking Commissioner issued a Notice of Intent to Revoke Registration as an Agent and Notice of Right to Hearing with respect to Gregory James Buchholz, a former broker-dealer agent of Raymond James Financial Services, Inc. Although the Respondent’s agent registration had been withdrawn, Connecticut law permits the Commissioner to initiate revocation proceedings within one year after a withdrawal becomes effective. The Notice of Intent to Revoke Registration as an Agent alleged that 1) on November 12, 2010, the Respondent pled guilty to a single-count information for felony wire fraud in violation of 18 U.S.C. §1343 (United States of America v. Gregory Buchholz, D. Conn., Case No. 3:10-CR-229 (JCH)); and 2) on January 31, 2011, the Respondent was sentenced to 48 months in prison, followed by three years of supervised release, and ordered to pay over $1.7 million in restitution to Raymond James Financial Services, Inc. According to the action, the felony conviction would support the revocation of the Respondent’s agent registration in Connecticut. Gregory James Buchholz was afforded an opportunity to request a hearing on the Notice of Intent to Revoke Registration as an Agent.
Consent Orders