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.
NASHVILLE – Fraud costs organizations worldwide an estimated five 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 – Tennessee Department of Commerce & Insurance (“TDCI”) Assistant Commissioner Elizabeth Bowling was recently elected by her peers to join the Board of Directors for the North American Securities Administrators Association (“NASAA”), the oldest international organization devoted to investor protection.
NASHVILLE – The Tennessee Department of Commerce & Insurance’s (“TDCI”) Securities Division is among 30 state regulators and the Commodity Futures Trading Commission (CFTC) participating in a settlement with a precious metals dealer and its owner for operating a nationwide $68 million fraudulent scheme targeting elderly and retirement-aged persons.
NASHVILLE — Ahead of National Financial Awareness Day on Monday, August 14, 2023, 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 – 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.