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He has surrendered his license to settle an unrelated case brought by regulators, state records show.
During the North Sea oil boom in the 1970s, the Seven Sisters simply outbid their supposed regulators (state salaries could never match the private sector).
In a letter sent last week to federal regulators, state regulators faulted them for not going far enough in their proposed changes.
But federal regulators, state officials and environmental and health advocates around the country say that New Jersey's experience is not so different than that of other states.
The agreement comes as bank regulators, state officials and members of Congress are vowing to look more closely at predatory lending, particularly to people with bad credit histories or low incomes.
Schools from Maine to California are starting the fall term with their overhaul plans postponed or in doubt because negotiations among federal regulators, state officials and local educators have led to delays and confusion.
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By contrast, American regulators stated in 2009 that banks had to hit a certain dollar amount of capital.
The Volcker Rule, as enacted, "generally prohibits banking entities from engaging in proprietary trading," as the regulators stated in their opus this week.
And Verizon's Boston plan illuminates all of these ties - but to date no reporter or regulator, state of federal, has looked behind the curtain.
Political purposes cannot be charitable, the regulator stated, because neither it nor the courts have any way of judging whether the public benefits from them.
A document leaked recently from Bafin, the country's financial regulator, stated that German banks had 800 billion euros in bad debt on their books.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com