No person shall, in connection with any activity subject to the jurisdiction of the commissioner: (1) Employ any device, scheme or artifice to defraud; (2) make any untrue statement of a material fact or omit to state a material fact necessary in order to make the statements made, in the light of the circumstances under which they are made, not misleading; or (3) engage in any act, practice, or course of business which operates or would operate as a fraud or deceit upon any person.
(P.A. 00-61, S. 7, 9; P.A. 05-46, S. 1; P.A. 11-216, S. 4.)
History: P.A. 00-61 effective July 1, 2000; P.A. 05-46 included registrants in the prohibition against engaging in fraudulent conduct in connection with the activities for which they are registered; P.A. 11-216 replaced “licensee or registrant” with “person” and “the activity for which such person is licensed or registered” with “any activity subject to the jurisdiction of the commissioner”.
Structure Connecticut General Statutes
Title 36a - The Banking Law of Connecticut
Chapter 664a - Administration and Enforcement
Section 36a-10. - General regulation-making authority.
Section 36a-11. (Formerly Sec. 36-10). - Appointment and restrictions.
Section 36a-12. (Formerly Sec. 36-11). - Employees. Restrictions.
Section 36a-13. (Formerly Sec. 36-12b). - Commissioner to submit estimates of expenditures.
Section 36a-14. (Formerly Sec. 36-13). - Reports to Governor and banks committee.
Section 36a-14a. - Quarterly report of revenue collected by department.
Section 36a-15. (Formerly Sec. 36-14). - Report of violations of law.
Section 36a-16. (Formerly Sec. 36-63). - Reports to commissioner; penalties.
Section 36a-18. (Formerly Sec. 36-9f). - Information re stock ownership or subscription.
Section 36a-19. (Formerly Sec. 36-17). - Accounting forms.
Section 36a-20. (Formerly Sec. 36-19). - Appraisal of real estate.
Section 36a-22. (Formerly Sec. 36-21a). - Declaratory rulings.
Section 36a-23a. - Designation of Martin Luther King, Jr. Corridors.
Section 36a-24b. - System-based licensure and registration.
Section 36a-24c. - Location of activity pursuant to a license or registration.
Section 36a-25. - Student Loan Ombudsman. Duties. Student loan borrower education course.
Section 36a-26. - Deposit index.
Section 36a-30. (Formerly Sec. 36-52a). - Community reinvestment. General requirements.
Section 36a-31. (Formerly Sec. 36-52b). - Community reinvestment notice.
Section 36a-33. (Formerly Sec. 36-52d). - Commissioner to prepare lists of banks.
Section 36a-37. - Community credit unions: Definitions.
Section 36a-37a. - Community reinvestment: General requirements.
Section 36a-37b. - Community reinvestment performance evaluation; copies.
Section 36a-37c. - Community reinvestment notice.
Section 36a-37d. - Community reinvestment performance; effects in connection with certain approvals.
Section 36a-37e. - Commissioner to prepare lists of credit unions.
Section 36a-40. (Formerly Sec. 36-2a). - Retention of Connecticut bank and credit union records.
Section 36a-41. (Formerly Sec. 36-9j). - Definitions.
Section 36a-42. (Formerly Sec. 36-9k). - Disclosure of financial records prohibited; exceptions.
Section 36a-44. (Formerly Sec. 36-9m). - Exceptions re confidential treatment of customer records.
Section 36a-45. (Formerly Sec. 36-9n). - Violations of financial records disclosure provisions.
Section 36a-52. - Cease and desist orders. Notice and hearing.
Section 36a-52a. - Notice to licensees and registrants by personal delivery.
Section 36a-53a. - False or misleading statements prohibited.
Section 36a-53b. - Prohibitions re activities subject to jurisdiction of commissioner.
Section 36a-54. (Formerly Sec. 36-6). - False entries by officials of financial institutions.
Section 36a-57. (Formerly Sec. 36-8). - Penalties for violation of banking law.
Section 36a-58. (Formerly Sec. 36-9). - Civil liability of officers.
Section 36a-60. - Deposit of fines or civil penalties in General Fund.