Disclaimer: All of the information below was previously posted elsewhere on the Securities Division's website and moved to this location for archival purposes only on the dates indicated. Visitors to this page should not rely upon the information found here since it is subject to changes made by subsequent legislative, judicial and/or departmental rulemaking actions.

All of the information listed below this line was moved to this page on June 5, 2014

Click here for help downloading forms.
 NASAA Warns Investors to Watch for Sandy Schemes
Important Information for ZeekRewards Investors
Electronic Investment Company Notice Filing now Available!
North Carolina Man Pleads Guilty for His Role in $40 Million Investment Fraud Conspiracy

On October 24, 2011, Bryan Keith Coats of Clayton, NC, pled guilty in US District Court in Charlotte to one count of conspiracy to commit commodities, securities, and wire fraud and one count of promotional money laundering conspiracy. This was a case that was jointly investigated by the North Carolina Securities Division and the Federal Bureau of Investigation (FBI), Charlotte Division. Click here to read the full press release.
Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million for Defrauding Customers in Foreign Currency Ponzi Scheme

In an announcement on November 1, 2011, the U.S. Commodity Futures Trading Commission (CFTC) said it had obtained a federal court supplemental consent order requiring defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies, Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC to pay $24 million in restitution and civil monetary penalties for defrauding customers and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme. In making its announcement, the CFTC acknowledged the assistance of the North Carolina Department of the Secretary of State (Securities Division), the U.S. Marshall’s Office, the Federal Bureau of Investigation, and the Office of the United States Attorney, Western District of North Carolina. Click here to read the full announcement.
Information for registered investment advisers subject to the Dodd-Frank "Switch"
Order granting temporary relief for investment advisers previously exempt from registration under N.C.G.S. §78C-16(a)(4).
Investment Company Notice Filing Fee Amendment
With the passage of the Dodd-Frank Wall Street Reform Act, this CNNMoney.com article explains how state securities regulators will have some increased power to catch financial bad guys again. Click here to read the article.
Securities Administrative Rules Adopted
 Securities Salesman Fee Amendment
State filing requirements for Issuers Relying on the Securities Act of 1933, Regulation D, Rule 506 beginning March 16, 2009. Click here for more information.
Madoff-style Ponzi Schemes: Investors are warned not to trust investment schemes that promise above average returns with little or no risk. To learn how to recognize and avoid becoming a victim of a Bernard Madoff-style Ponzi scheme, read this NASAA investor alert. For more information on how to become a better informed investor, please browse the "Investor Education Resources" section of our website.
The Securities and Exchange Commission (SEC) is alerting investors about a Web site that falsely claims to have recovered $1.3 billion in funds hidden by convicted Ponzi schemer Bernard Madoff in Malaysia. The site asks Madoff victims to submit information to verify that they are on a refund list — a ploy commonly used by con artists to further rip off financial fraud victims. The phony Web site claims to be home to the "International Security Investor Protection Corporation" — a fictitious entity. The "ISIPC" Web site bears a certain likeness to the Securities Investor Protection Corporation's (SIPC) Web site, mimicking its look, feel, and content in an attempt to achieve an aura of authenticity with Madoff victims. The "ISPIC" Web site claims to partner with several governments including the United States, and links to actual government Web sites to signify an affiliation. "ISIPC" also falsely claims to be sponsored by the United Nations, the International Monetary Fund, and the World Bank. To read the full SEC press release, click here.
Secretary Elaine Marshall calls on the Members of North Carolina's U.S. House of Representatives delegation to support the Investor Protection Act provisions of H.R. 4173, the Financial Stability Improvement Act, and to support the Frank Amendment that would prohibit the Securities and Exchange Commission from delegating expanded supervisory responsibilities to FINRA. To read Secretary Marshall's letter, click here.
Securities Division announces IARD system fee waiver. To view the full notice, please click here.
FINRA issues an investor alert about a scheme using fake FINRA emails that promise compensation from auction rate securities (ARS) settlements in exchange for personal information. For more information about this "phishing" scheme, please click here. All investors are warned not to provide or confirm personal information or account numbers in response to unsolicited requests without first verifying the legitimacy of the person or entity requesting such information and why such information is being requested. When conducting business online, be sure to use a secure website or encryption software.
State securities regulators continue to see fraud and abuse in the life settlement market. For more information, click here
Important information concerning the Investigation of R. Allen Stanford and Stanford International Bank can be found here.
Important information concerning the Securities Division's investigation of J.V. Huffman, Jr., and Biltmore Financial Group, Inc. (BFGI), can be found here.
The Securities Division of the North Carolina Department of the Secretary of State is working with AARP on a new initiative designed to give individuals an opportunity to fight back against unscrupulous promoters by reporting possibilities of questionable investment practices in their communities to the Securities Division for investigation. To learn how you can become a Free Lunch Seminar Monitor, click here
In its on-going effort to bring the latest investor education information to the citizens of North Carolina, the Securities Division is pleased to provide the Investor Protection News Feed compiled by the Securities Law Clinic of the Cornell University School of Law. Disclaimer: This information is provided for educational use only. The Secretary of State does not certify the authenticity of information herein that originates from third parties. The Secretary of State shall under no circumstances be liable for any actions taken or omissions made in reliance on any information contained herein or for any other consequences of any such reliance.
Important information about a coordinated investigation of auction-rate securities (ARS). Click here for more information. Anyone who is affected should contact the NC Securities Division at (800) 688-4507.
On May 6, 2008, sentences were handed down in federal court to MICHAEL A. LOMAS, SCOTT B. HOLLENBECK, LAURINDA HOLOHAN, SUSAN KNIGHT, and ARTHUR J. ANDERSON, JR., for their involvement in the Mobile Billboards case. Click here for an important update in this case.
On May 29, 2007, the U.S. Attorney for the Eastern District of North Carolina announced an eighteen-count Indictment charging seven individuals nationwide with what the Indictment alleges was "an extensive scheme to defraud individuals seeking financially secure retirements out of approximately seventy million dollars." The Indictment alleges that the seven defendants participated in a scheme to sell purported investments in "Mobile Billboards of America, Inc." Investigation of the case was conducted by the Federal Bureau of Investigation and the North Carolina Department of the Secretary of State, Securities Division. To read the full press release, click here.
Secretary of State Elaine F. Marshall has written to each member of North Carolina's congressional delegation urging each to support a pro-investor legislative agenda during the 110th Congress.  Click here to read Secretary Marshall's letter.
The North American Securities Administrators Association (NASAA) has prepared a new investor education podcast series entitled The Alert Investor. To hear these short, educational podcasts on your computer or on your MP3 player, click on the podcast icon and follow the instructions on the page

Click here for help downloading forms.

Secretary of State Elaine F. Marshall and Insurance Commissioner Jim Long have sent a letter to all registered insurance licensees advising them that the sale of most non-insurance investments are considered securities under State law. Both the seller of these investment products and the investment products themselves must be registered with the Securities Division or else the seller may face criminal and/or civil penalties. To view a copy of their letter, click here.

Click here for help downloading forms.
The following documents may contain technical information that is no longer timely, and are included for reference only.
Secretary of State Elaine F. Marshall issues her Top Ten List of Threats to Investors for 2007
Gramm-Leach-Bliley Act Privacy Memorandum
Summary of Senate Bill 925 - S.L. 2003-413
Historic Settlement Will Reform How Wall Street Brokerages Do Business
New Legislation Regulates Viatical Settlement Contracts
New Securities & Investment Adviser Regulations Now In Effect
Order Vacating Order of December 14, 1999 Regarding Examination Requirements For Investment Advisers, Investment Adviser Representatives, And Securities Salesmen
Investor Warning--Low Interest Rates Makes Scams Appear Attractive
Investment Adviser Alert New Law Requires Registration By IARD
Explanation of New Securities Legislation
Terrorist Attack-Related Investment Scams
Internet Order
North Carolina Investment Advisers Hitting the Books
CFTC Issues Warning on Iraq-Related Commodity Futures and Options

Click here for help downloading forms.
Click here to download Securities forms.