State of Connecticut Department of Banking

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The Department of Banking News Bulletin 

Bulletin # 2838 - Week Ending July 13, 2018

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 Jorge L. Perez, Banking Commissioner, Department of Banking, 260 Constitution Plaza, Hartford, CT 06103-1800.  Written comments will be considered only if they are received within ten business days from the date of this bulletin.

STATE BANK ACTIVITY

Branch Activity

Section 361-145 of the Connecticut General Statutes requires certain applications for a branch, of for a limited branch at which loans will be made, address how the establishment of the branch will be consistent with safe and sound banking practices and promote the public convenience and advantage.  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: July 10, 2018
BANK:  United Bank, Hartford
LOCATION: 816 North Highway A1A, Ponte Vedra Beach, FL  32082
ACTIVITY-BRANCH TYPE: Approved - Limited Branch

DATE: July 12, 2018
BANK:  United Bank, Hartford
LOCATION: 374 Post Road East, Westport, CT  06880
ACTIVITY-BRANCH TYPE: Approved - Full Service Branch

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY

Walter John Dubiel (CRD No. 4234689) - Consent Order Entered

On July 12, 2018, the Banking Commissioner entered a Consent Order (No. CO-18-8440-S) with respect to Walter John Dubiel, a former broker-dealer agent and investment adviser agent of ProEquities, Inc. Dubiel was also a former broker-dealer agent of First Allied Securities, Inc. and a former investment adviser agent of First Allied Advisory Services, Inc. The Consent Order alleged that 1) in approximately January 2015, Dubiel shared his First Allied confidential client log-in credentials with one Matthew Charles Woodard, then an unregistered individual, without notice to the affected clients and contrary to firm policy; 2) as a result, Woodard used the credentials to access an investor's advisory account and execute securities transactions without the investor's knowledge or consent; and 3) Dubiel engaged in dishonest or unethical practices within the meaning of Sections 36b-5(f) and 36b-15(a)(2)(H) of the Connecticut Uniform Securities Act. Woodard had been the subject of a March 23, 2018 Consent Order (No. CO-17-8279-S) with the department.

The Consent Order barred Dubiel for seven years from 1) transacting business in or from Connecticut as a broker-dealer, agent, investment adviser or investment adviser agent; and 2) acting in any other capacity that required a license or registration from the Commissioner. In addition, the Consent Order fined Dubiel $10,000 and directed him to cease and desist from regulatory violations.

 

  Dated: Tuesday, July 17, 2018


      Jorge L. Perez
      Banking Commissioner