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Latest Enforcement News

  • (2020-09-08) A federal grand jury returned a superseding indictment charging Joshua Matthew Houchins, 36, of Sanford, NC, with fraud, money laundering, obstruction of justice and firearms offenses. The charges were announced today in federal court (see press release). The Federal Bureau of Investigation and the North Carolina Secretary of State are investigating the case. The Wake County Sheriff’s Office, Apex Police Department, and Sanford Police Department, also provided assistance. Assistant U.S. Attorney William M. Gilmore is prosecuting the case. An indictment is merely an accusation. The defendant is presumed innocent until proven guilty.
  • (2020-08-13) Graham, N.C. Man Is Sentenced To More Than Five Years For $1.1 Million Investment Scheme. (Press Release.)
  • (2020-08-03) Anthony Wayne March, 49, of Wake Forest, NC, pleaded guilty today to wire fraud for his role in an $8.1 million Ponzi scheme. For more details, please see this press release.
  • (2020-06-11) Joseph Maurice Deberry, a/k/a Joseph Maurice Dewberry, 56, of Charlotte, appeared before U.S. Magistrate Judge David S. Cayer yesterday and pleaded guilty to wire fraud, for orchestrating an investment scheme that defrauded victims of hundreds of thousands of dollars, announced Andrew Murray, U.S. Attorney for the Western District of North Carolina. For more information, see this press release.
  • (2020-05-26) A federal grand jury indictment was unsealed today revealing that Joshua Matthew Houchins, 36, of Sanford, NC, has been charged with fraud and money laundering (see press release). The Federal Bureau of Investigation and the North Carolina Secretary of State are investigating the case and Assistant U.S. Attorney William M. Gilmore is prosecuting the case. An indictment is merely an accusation. The defendant is presumed innocent until proven guilty.
  • (2020-03-31) NC Secretary of State Offers Tips to Avoid COVID-19 Related Investment Scams
  • (2019-11-21) *UPDATE: See the information at 2020-08-03 above.* United States Attorney Robert J. Higdon, Jr. announced that a federal grand jury had returned an Indictment charging ANTHONY WAYNE MARCH, 48, of Wake Forest, North Carolina, with one count of Securities Fraud; three counts of Wire Fraud; one count of Bankruptcy Fraud; one count of Obstruction of Bankruptcy Case; three counts of False Oaths; and four counts of Money Laundering. The indictment follows an investigation by the NC Secretary of State’s Securities Division and the IRS Criminal Investigation Division. For more information, click here.
  • (2019-10-30) NASAA 2020 Fee Announcement -- The North American Securities Administrators Association (NASAA) today announced the continued waiver of Investment Adviser Registration Depository (IARD) system fees for state-registered investment adviser firms. NASAA also announced $5 increases in the IARD system fee for state-registered investment adviser representatives and the Electronic Filing Depository (EFD) system use fee for Form D, Rule 506 filings, effective January 1, 2020. Click the link for more details.
  • (2018-02-15) CFTC Issues First Pump-and-Dump Virtual Currency Customer Protection Advisory
  • (2018-01-11) FINRA Provides Guidance on Protecting Personal Information in Required Filings

Cease & Desist Orders

A summary cease & desist order is issued by the Securities Division when it appears that ongoing activity violates the North Carolina Securities Act or the North Carolina Investment Advisers Act and poses the threat of irreparable harm to the investing public. The cease & desist order commands those who receive it to stop any further violations and to comply with the requirements of the securities laws. At the time of issuance of a summary order, the persons named in the order have not had the opportunity to respond to its allegations. The order notifies those persons that they may request a hearing on whether the allegations are true. If no hearing is requested, the Division will issue a final order confirming the allegations as true. A final order terminates the controversy between the parties and concludes the issues in the proceeding, unless and until it is vacated or set aside.

Criminal Enforcement
& Administrative Actions


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