HARTFORD, Conn. (AP) Connecticut's banking commissioner is ordering a Norwalk investment firm and accountant to reimburse investors at least $7 million.

Howard F. Pitkin announced Wednesday he's issued a cease-and-desist order to Ulysses Partners LLC and James E. Neilsen for allegedly violating state securities law. The Nov. 13 order fines the firm and Neilsen a combined $25,000 and requires they reimburse each affected investor.

Attorney Brian Woolf said Neilsen and the firm have 15 days to ask Pitkin to reconsider. No decision on such a request has been made.

Pitkin's agency determined Neilsen and Ulysses sold unregistered securities to 33 Ulysses investors, the majority Neilsen's accounting clients. Pitkin said the company never made a profit and investors lost millions.

Woolf said Neilsen denies securities were sold. He also denies intentionally committing fraud.