Vermont Department of Financial Regulation

One of Vermont's top securities regulators has been named commissioner of the Department of Financial Regulation.

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Q Burke Resort

Vermont regulators have frozen the escrow account for the Q Burke Hotel project, citing millions of dollars in unaccounted funds.


The Vermont Department of Financial Regulation is urging people to be sure that when they sign service contracts the companies they are dealing with are registered with the state.

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The Department of Financial Regulation says a Wisconsin-based insurance company has paid nearly $16,000 in restitution to Vermont auto insurance customers whose damage claims were not evaluated properly.

A Vermont consumer health insurance cooperative launched amid fanfare 15 months ago is expected to hear by the end of this month whether a federal agency will demand repayment of nearly $34 million in loans.

The only employee of a small northern Vermont credit union that was taken over last year by federal regulators is now facing embezzlement charges.

The Vermont Department of Financial Regulation has closed a Derby Line-based credit union and appointed the National Credit Union Administration to oversee its liquidation.

In a statement issued Friday, the Vermont's top financial regulator, Stephen Kimbell, says the seizure was done in cooperation with federal authorities and came after "examiners discovered issues that raised serious concerns."

He did not say what those concerns were.

He says the credit union's customers will be protected.