CT Dept of Banking Admin Orders & Settlements

Bitcoin Depot LLC - License Suspension and Cease and Desist Order

The Connecticut Department of Banking has issued an order summarily suspending the money transmission license of Bitcoin Depot LLC. The order also includes a temporary cease and desist, a requirement for restitution and disgorgement, and notice of intent to revoke and refuse renewal, citing multiple alleged violations of state statutes.

Bitcoin Depot Operating LLC Administrative Order

The Connecticut Department of Banking has added a new administrative order for Bitcoin Depot Operating LLC, dated March 9. This action pertains to the company formerly known as LUX Vending LLC.

CT Dept of Banking Removes Administrative Orders

The Connecticut Department of Banking has removed administrative orders for Set Forth, LLC and J. Davenport Advisors, LLC from its website. These removals indicate that the associated enforcement actions are concluded or no longer active on the public index.

Buyers Holdings LLC - Cease and Desist Order for Unlicensed Collection Activity

The Connecticut Department of Banking has issued a temporary order to cease and desist against Buyers Holdings, LLC for engaging in unlicensed consumer collection activity. The company is also ordered to make restitution and faces potential civil penalties for violations of state statutes.

Order against Milner Legal Services - Consumer Collection Violations

The Connecticut Department of Banking has issued an order against Milner Legal Services for violations of consumer collection laws, including operating without a license and making false representations. A civil penalty of $100,000 has been imposed.

CT Dept of Banking Administrative Orders Added

The Connecticut Department of Banking has added new administrative orders for Milner Legal Services and Buyers Holdings, LLC. These orders, dated February 25 and February 26 respectively, detail enforcement actions taken by the department against these entities.

CapexMD LLC Consent Order for Unlicensed Small Loans

The Connecticut Department of Banking issued a consent order against CapexMD LLC for making unlicensed small loans to 41 Connecticut borrowers. CapexMD agreed to pay a civil penalty and restitution without admitting wrongdoing.

CT Dept of Banking Administrative Orders Added

The Connecticut Department of Banking has added new administrative orders for CapexMD, LLC, dated February 26, and for Jason A. Goodhue, dated February 20. These orders represent enforcement actions taken by the department.

Jason Goodhue Fined for Securities Law Violations

The Connecticut Department of Banking has issued a final order fining Jason A. Goodhue $100,000 for violating state securities laws. Goodhue engaged in dishonest or unethical practices and exercised discretionary power in customer accounts without written authorization.

Omnipoint Management Solutions LLC - Cease and Desist Order and $100,000 Penalty

The Connecticut Banking Commissioner has issued a Cease and Desist Order and imposed a $100,000 civil penalty on Omnipoint Management Solutions LLC. The company operated as a consumer collection agency without a required license and violated communication regulations.