NASHVILLE – The Securities Division of the Tennessee Department of Commerce & Insurance (“TDCI”) has announced that investors who purchased retail precious metals from Lear Capital will receive compensation as a part of Lear’s bankruptcy plan. State securities regulators had been investigating Lear for deceptive securities and commodities activities and misleading marketing at the time of the company’s bankruptcy.
NASHVILLE – Tennessee Governor Bill Lee has declared Thursday, June 15, 2023, as Elder Abuse Awareness Day in Tennessee.
NASHVILLE – The Tennessee Department of Commerce & Insurance’s Securities Division (“TDCI”) announced today that it has joined a multi-state settlement with Robinhood Financial LLC, which will pay up to $10.2 million in penalties for operational and technical failures that harmed main street investors.
NASHVILLE – As part of its ongoing effort to raise investor awareness, the Tennessee Securities Division has issued an investor advisory alert regarding self-directed IRAs, an IRA held by a custodian that allows investment in a broader set of assets than most IRA custodians permit. The advisory explains in more detail what a self-directed IRA is, the associated risks of fraud and how consumers can avoid becoming victims to a scam.
NASHVILLE – Millions of people use online dating apps and dream of meeting that perfect someone. Unfortunately, scammers are also looking to use these same apps to defraud unwary investors. This Valentine’s Day, it’s important to keep in mind that romance scams are on the rise. Take steps to help ensure your dream does not become a nightmare by falling for a romance scam.
NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities announces its participation in a multistate financial settlement with Nexo Capital, Inc. (“Nexo”) regarding unregistered offers and sales of securities to Tennessee investors.
Nashville, Tenn. – Fraud costs organizations worldwide an estimated 5 percent of their annual revenues, according to a study conducted by the Association of Certified Fraud Examiners (ACFE). Occupational Fraud 2022: A Report to the Nations analyzed 2,110 occupational fraud cases that caused a total loss of more than $3.6 billion.
NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities is joining the North American Securities Administrators Association (“NASAA”) to share an Informed Investor Advisory cautioning investors to protect themselves from investment scams and frauds offered in the unregulated metaverse, the online virtual “world” that provides users with immersive experiences through virtual or augmented reality technologies.
NASHVILLE -- The Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities is joining the North American Securities Administrators Association (“NASAA”) to recommend that investors use caution when considering advice from social media financial influencers, or “finfluencers.”
NASHVILLE — Ahead of National Financial Awareness Day on Sunday, August 14, 2022, the Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities reminds Tennesseans of the importance of financial planning to help build a stronger financial future for themselves and their families.
NASHVILLE – Tennessee Governor Bill Lee has declared Wednesday, June 15, 2022, as Elder Abuse Awareness Day in Tennessee.
NASHVILLE – As part of Military Saves Month 2022 (April 1 – 30), the Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division is spreading the message of saving successfully by encouraging members of Tennessee’s military community to save money, reduce debt, and build wealth.
NASHVILLE – The consumer protection work of the Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division is earning national attention courtesy of a recent profile of TDCI Financial Services Investigator Monica Meeks in Fraud Magazine, a publication of the Association of Certified Fraud Examiners.
NASHVILLE – During this time of troubling international conflict, the Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division cautions investors and securities firms to be vigilant of increased threats from cyberattacks and potential investment scams.
NASHVILLE – As part of its ongoing effort to raise investor awareness, the Tennessee Department of Commerce and Insurance’s (TDCI) Securities Division has issued an investor advisory alert regarding Decentralized Finance (DeFi), a relatively new blockchain-based set of financial services gaining popularity and acceptance. The advisory explains what DeFi is, the technology behind it, how DeFi lending works, as well as potential risks for investors and how consumers can avoid becoming a scam victim.