The Federal Reserve Board has taken action regarding two enforcement matters. On Tuesday, the board revealed it has executed a consent prohibition order against Nicolás Pérez Alvarado, a former employee accused of embezzling funds from Banco Popular de Puerto Rico in San Juan.
Additionally, the Federal Reserve has terminated an enforcement action with several financial entities in Irvine, California. Specifically, the cease and desist order dated January 18, 2022, against Allegiant United Holdings, LLC, Nano Financial Holdings, Inc., and Nano Banc was terminated on March 20, 2025.
For those interested in additional enforcement actions, further information can be found through the board's search tools.