Bulletin 3230 - January 16, 2026

The Department of Banking News Bulletin

Bulletin # 3230 - Week Ending January 16, 2026

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 directed to Jorge L. Perez, Banking Commissioner. Written comments will be considered only if they are received within ten business days from the date of this bulletin.

CONSUMER CREDIT DIVISION ACTIVITY

Omnipoint Management Solutions LLC

On January 6, 2026, the Commissioner issued a Notice of Intent to Issue Order to Cease and Desist, Notice of Intent to Impose Civil Penalty and Notice of Right to Hearing (collectively, "Notice"), in the matter of Omnipoint Management Solutions LLC (NMLS # 1801926) ("Respondent"), West Seneca, New York. The Notice was the result of an investigation by the Consumer Credit Division stemming from a complaint filed with the Department of Banking by an employee of a Connecticut hospital. The Commissioner alleged in the Notice that: (1) Respondent's acting within this state as a consumer collection agency without a consumer collection agency license constitutes violations of Section 36a 801(a) of the Connecticut General Statutes in effect at such time; (2) Respondent's communicating with persons other than the debtor or other authorized party, without prior consent of the debtor, in connection with the collection of a debt, constitutes a violation of Section 36a 809 9(d)(2) of the Regulations of Connecticut State Agencies; (3) Respondent's engaging in conduct the natural consequence of which is to harass, oppress or abuse any person in connection with the collection of a debt constitutes a violation of Section 36a-809-10 of the Regulations of Connecticut State Agencies; and (4) Respondent's acting in a manner that failed to comply with 12 CFR Sections 1006.14(a) and 1006.14(h)(1) of the Fair Debt Collection Practices Act, by engaging in conduct the natural consequence of which is to harass, oppress, or abuse a person in connection with the collection of a debt, including communicating with hospital staff through the hospital's emergency medical phone line after the hospital staff explained that it was an emergency medical phone line and requested that Respondent not call such line, constitutes violations of Section 36a 812 of the Connecticut General Statutes. Respondent was afforded an opportunity to request a hearing with regard to the allegations set forth in the Notice.

SECURITIES AND BUSINESS INVESTMENTS DIVISION ACTIVITY

J. Davenport Advisors, LLC (CRD No. 327796) and John F. Davenport (CRD No. 1448999)

On January 14, 2026, the Banking Commissioner issued an Order to Cease and Desist, Notice of Intent to Fine, Notice of Intent to Revoke Registration as Investment Adviser and Notice of Intent to Revoke Registration as Investment Adviser Agent (Matter No. CDFR-25-202500-S) against J. Davenport Advisors, LLC, a previously registered investment adviser located at 800 Connecticut Avenue, Suite E401, Norwalk, Connecticut 06854 and John F. Davenport, the firm's Chief Executive Officer and control person. John F. Davenport had been previously registered as an investment adviser agent of the firm in Connecticut and is licensed as an attorney in Connecticut and as a provider of insurance services.

Section 36b-15(e)(2) of the Connecticut Uniform Securities authorizes the Commissioner to initiate revocation proceedings within one year against former registrants whose registrations have expired.

The firm's registration history with the department indicated that its prior disciplinary history had prompted the Department to issue conditional compliance warnings on two occasions.

The action alleged that the respondents violated Section 36b-31-14b(a) of the Regulations under the Connecticut Uniform Securities Act by failing to keep and maintain true, accurate and current business records. The deficiencies, which included inconsistent financial information, were spotted during a 2023 examination of the firm by Division staff. The action also alleged that John F. Davenport made inaccurate disclosures on his Form U-4 concerning the status of various tax liens to which he was subject. Similarly, the action alleged that John F. Davenport violated Section 36b-14(c) of the Act and Section 36b-31-14e(a) of the Regulations by failing to disclose on his Form U-4 that his Connecticut license as an attorney had been suspended six times based on his failure to register as an attorney.

The action also alleged that the firm violated Section 36b-31-6(f) of the Regulations by failing to establish, enforce and maintain adequate supervisory procedures, such as those governing firm reporting and financial obligations, the need to have fully executed investment advisory agreements, and firm hiring practices. The firm hired an individual convicted of securities fraud as a paralegal without implementing safeguards to protect the firm's client information.

In addition, the action alleged that the firm engaged in dishonest or unethical business practices within the meaning of Section 36b-31-15c(8) of the Regulations by misrepresented the fee the firm paid to its sub-advisor.

In summary, the action alleged that the firm violated Sections 36b-15(a)(2)(B), 36b-15(a)(2)(H), 36b-15(a)(2)(K) of the Act, and that John F. Davenport violated Sections 36b-14(c) and 36b-23 of the Act as well as Section 36b-31-14e of the Regulations.

The Respondents were afforded an opportunity to request a hearing on the allegations in the Notice.

Dated: Tuesday, January 20, 2026

Jorge L. Perez
Banking Commissioner