DeSteph v. Connecticut Dept of Banking (In re DeSteph)

State action to enforce securities laws fell within regulatory exception to automatic stay.
Procedural posture: 
Chapter 13 debtor filed an adversary proceeding against defendants, the State of Connecticut Department of Banking, the Commissioner, and a staff member (the State), for the State's alleged violation of the automatic stay under 11 U.S.C.S. § 362 and for violation of N.H. Rev. Stat. Ann. § 358-C. The State filed a motion to dismiss pursuant to Fed. R. Civ. P. 12(b)(6) and Fed. R. Bankr. P. 7012(b).
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Consumer case opionion summary, case decided on December 02,2009, LexisNexis #0110-075