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NASHVILLE – The Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division today announced that it joined a taskforce of state securities regulators and the United States Securities and Exchange Commission (SEC) in a $106 million settlement with Vanguard Marketing Corporation (VMC) and The Vanguard Group, Inc. (Vanguard) for failing to supervise certain registered persons and failing to disclose potential tax consequences to investors following a change in investment minimums for certain target date retirement funds. 

NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI), a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from an investigation into the broker-dealer’s supervision of customers paying front-load commissions for Class A mutual fund shares in light of later moving brokerage assets into fee-based investment advisory accounts.

NASHVILLE – As part of honoring Tennessee’s veterans during the week of Veterans Day (Nov. 11, 2024), the Tennessee Department of Commerce & Insurance’s (TDCI) Division of Securities is spreading the message of saving among military members, their families, and caregivers during Veteran Saves Week (Nov. 12 – 15).

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (TDCI) Securities Division, along with other state securities regulators, announce that a multi-million dollar agreement has been reached with GSB Gold Standard Corporation AG, a company based in Germany that operates in the fintech and banking industries, and GSB Gold Standard Bank LTD, more commonly known as “GS Partners.” The settlement also names Josip Heit, the principal and Chairman of the Board of GS Partners, and other affiliated organizations that are often collectively known as the “GSB Group.” 

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities is alerting consumers about the prevalence of spoofing and phishing scams being used by cybercriminals to target unsuspecting Tennessee investors.

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (TDCI) Division of Securities encourages investors to learn the red flags about mobile investment app scams before they make an investment or share any of their personal information.

NASHVILLE - The Tennessee Department of Commerce & Insurance’s (“TDCI”) Securities Division is warning Tennessee consumers about the growing prevalence of so-called “imposter scams” and sharing tips on how investors can protect themselves from losing their personal information or hard-earned money.

NASHVILLE – Ahead of World Elder Abuse Awareness Day (Saturday, June 15, 2024) the Tennessee Department of Commerce & Insurance (“TDCI”) Division of Securities is highlighting the importance of learning the red flags that might indicate elder financial abuse or fraud when it comes to investing unregulated products such as cryptocurrency and any “virtual” investments.

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Securities Division and the Tennessee Attorney General’s Office recently won court approval to freeze the bank accounts and financial assets related to a group of Memphis-based individuals who allegedly engaged in fraudulent activity and acted as unregistered broker-dealers and investment advisers, in addition to allegedly committing other violations of state securities law and other Tennessee laws protecting consumers.

NASHVILLE – Securities regulators have seen a rise in schemes where scammers target victims with the promise of making big returns by trading “other people’s money.”

NASHVILLE – The Tennessee Department of Commerce & Insurance (TDCI) encourages Volunteer State investors to utilize TDCI’s Division of Securities many investor education resources during National Financial Capability Month, which runs throughout April, and throughout the year.

NASHVILLE – Scammers, identity thieves, and fraudsters cheated Tennesseans out of a reported $133.6 million of their hard-earned money in 2023, landing Tennessee as the state with the 16th highest rate of fraud in the United States.

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Division of Securities is warning Tennessee consumers about the prevalence of so-called "Pig Butchering" scams.

NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Securities Division and the Tennessee Attorney General are highlighting Identity Theft Awareness Week (Jan. 29 - Feb. 2, 2024) to help Tennessee consumers avoid identity thieves’ tricks and traps.

NASHVILLE – The Tennessee Department of Commerce and Insurance’s (TDCI) Securities Division announces a new requirement that streamlines the registration process for qualifying private fund advisers doing business in Tennessee.