CT HB07143

Amends Connecticut General Statutes Section 36b-27(d) to authorize the Commissioner of Banking to impose fines for dishonest or unethical practices in securities and commodities business, in addition to violations of existing securities law.

Expands the commissioner's enforcement authority to include violations of regulations 36b-31-15a to 36b-31-15d defining dishonest or unethical practices.

Establishes maximum fine of $100,000 per violation or dishonest or unethical act that the commissioner may impose in addition to other authorized remedies.

Requires the commissioner to provide written notice by certified mail or express delivery to violators, including a statement of charges, maximum fine, and opportunity to request a hearing within 14 days.

Allows the commissioner to impose fines after a hearing or if the person fails to appear, following findings that the person violated securities law or engaged in dishonest or unethical practices.