WHEREAS, the Banking Commissioner (the "Commissioner") is charged with the administration of Chapter 672a of the Connecticut General Statutes, the Connecticut Uniform Securities Act (the "Act") and Sections 36b-31-2 et seq. of the Regulations of Connecticut State Agencies (the "Regulations") promulgated under the Act;

WHEREAS, MIT Associates, LLC is a broker-dealer that is registered under the Act and that maintains its principal office at 300 Atlantic Street, 11th Floor, Stamford, Connecticut;

WHEREAS, on December 19, 2002, the Commissioner, acting pursuant to Section 36b-15(a)(2)(J) of the Act, entered a Consent Order Conditioning Registration as a Broker-dealer (the "Consent Order") (File No. CO-02-6700-S) with respect to MIT Associates, LLC which was then seeking registration as a broker-dealer under the Act;

WHEREAS, the Consent Order alleged that MIT Associates, LLC was not qualified on the basis of such factors as training, experience and knowledge of the securities business;

WHEREAS, Central Registration Depository records do not reflect any reported disciplinary events since the entry of the Consent Order for MIT Associates;

WHEREAS, the Consent Order, the terms of which are incorporated by reference herein, declared that MIT Associates, LLC's registration as a broker-dealer would be made effective subject to certain conditions and restrictions contained in paragraphs 2 through 5, inclusive, of the Consent Order;

WHEREAS, the conditions and restrictions contained in paragraphs 2, 4 and 5 of the Consent Order have expired by their terms, with paragraph 3 reflecting an ongoing restriction;

WHEREAS, on November 22, 2005, the department received from MIT Associates, LLC correspondence dated November 21, 2005 requesting relief from the conditions and restrictions of the Consent Order currently in effect;

WHEREAS, Section 36b-31(a) of the Act provides, in part, that: "The Commissioner may from time to time make, amend and rescind such ... orders as are necessary to carry out the provisions of Sections 36b-2 to 36b-33, inclusive [of the Act]";

WHEREAS, Section 36b-31(b) of the Act states, in part, that: "No ... order may be made, amended or rescinded unless the commissioner finds that the action is necessary or appropriate in the public interest or for the protection of investors and consistent with the purposes fairly intended by the policy and provisions of ... [the Act]";

WHEREAS, the Commissioner finds that the issuance of this Order is appropriate, in the public interest and consistent with the purposes fairly intended by the policy and provisions of the Act;

So ordered at Hartford, Connecticut                   _______/s/_____________
this 10th day of January, 2006.                         John P. Burke
                                                                   Banking Commissioner

---