Date	Check Casher	Location	Activity
02/26/14	FRPB II, LLC	595 Bank Street New London, CT  06320	Filed
02/26/14	FRPB II, LLC	200 West Main Street Norwich, CT  06360	Filed
02/26/14	FRPB II, LLC	144 Center Street Wallingford, CT  06492	Filed

On February 20, 2014, the Commissioner entered into a Consent Order with Liberty Credit Law P.C. (“Liberty Credit Law”), Harrison, New York.  The Consent Order was based on an investigation by the Consumer Credit Division.  As a result of such investigation, the Commissioner alleged that during the period of at least June 6, 2011 through July 30, 2012, Liberty Credit Law engaged in debt negotiation activity in this state without having obtained the required license, in violation of Section 36a-671(b) of the then applicable Connecticut General Statutes.  As part of the Consent Order, Liberty Credit Law was ordered to repay fees to an identified Connecticut resident, and to pay $500 as a civil penalty.

On February 28, 2014, the Banking Commissioner entered a Consent Order (No. CO-14-8077-S) with respect to Salt Wall Trading, Inc. of Ipswich, Massachusetts and Drew R. Fraser, Chief Executive Officer and control person of Salt Wall Trading, Inc.  The Consent Order alleged that from approximately November 30, 2012 to January 25, 2013, 1) Salt Wall Trading, Inc. and Fraser violated Section 36b-16 of the Connecticut Uniform Securities Act by selling unregistered securities issued by Salt Wall Trading, Inc.; 2) Salt Wall Trading, Inc. employed one or more unregistered agents of issuer in contravention of Section 36b-6(b) of the Act; and 3) Fraser transacted business as an unregistered agent of issuer in violation of Section 36b-6(a) of the Act. 

The Consent Order acknowledged that Salt Wall Trading, Inc. and Fraser had provided documentation to the agency showing that they had paid $23,250 in restitution to, and obtained releases from, the six Connecticut investors who purchased unregistered securities, and that, following the restitutionary payments, Salt Wall Trading, Inc. and Fraser were financially unable to pay the fine that otherwise would have been assessed against them pursuant to the Consent Order.

The Consent Order directed Salt Wall Trading, Inc. and Fraser to cease and desist from regulatory violations.  In addition, the Consent Order barred Drew R. Fraser for seven years from 1) transacting business in or from Connecticut as a broker-dealer, agent, investment adviser or investment adviser agent; and 2) directly or indirectly soliciting or accepting funds for investment purposes from public or private investors in or from Connecticut.