Skip Navigation

NC SOS

Securities Newsletter

subscribe to our monthly Securities Division eNewsletter.


Document preview

In this edition, we announce that the Secretary of State’s Office has a process for requesting an appointment for in-person service. We include information about the 2020 Census and urge all who have not yet submitted to their census forms to do so before the September 30th deadline. Having an accurate count ensures that North Carolina receives its fair share of the federal tax dollars its residents send to Washington every year. We feature two criminal enforcement cases with which the Securities Division helped bring to positive conclusion. We include information for state-registered investment advisers about our upcoming series of WebEx “best practices” presentations. And we include timely alerts, tips and other news and information from some of our other partner agencies, including the US Securities and Exchange Commission (SEC), the Financial Industry Regulatory Authority (FINRA), and the North American Securities Administrators Association (NASAA).
Document preview

In this edition, Secretary Marshall reminds readers how important it is to the State’s economy that they complete their 2020 census forms. She also talks about her participation in a tele-town hall on June 15th to mark World Elder Abuse Awareness Day (WEAAD). The tele-town hall was hosted by AARP North Carolina and focused on preventing financial fraud in North Carolina. The conversation was recorded and a link is included to the recording. We also note that Secretary Marshall is the 2020 recipient of the NC Bar Association’s Chief Justice I. Beverly Lake Jr. Public Service Award. The award honors an exceptional lawyer practicing in North Carolina who has contributed to the community with exemplary public service. We also report that the rules governing how small businesses wishing to raise up to $25K through the Local Public Offering provision of the NC PACES Act (crowdfunding) may operate have been temporarily extended effective July 1, 2020. This extension will allow the Secretary of State’s Office the ability to pursue permanent rulemaking to extend this provision for at least another five years. We also include a link to FINRA’s latest Unscripted podcast which focuses on how FINRA is working to protect senior investors from fraud. We also include an alert urging investors to be wary of fraudsters targeting their retirement accounts as the result of federal legislation permitting early withdrawals due to the COVID-19 pandemic. In enforcement news, we spotlight the case involving Joseph Maurice Deberry of Charlotte, NC, and his recent guilty plea in connection with his role in a fraudulent investment scheme targeting more than a dozen investors. We also include our regular Cybersecurity Corner, News from the Regulators and Enforcement News features.
Document preview

In this edition, we report that Secretary of State Elaine F. Marshall will be participating in a special Tele-Town Hall marking World Elder Abuse Awareness Day (WEAAD) 2020 on June 15th. The live event is hosted by AARP North Carolina and will focus on investment fraud, fake charity scams and the danger of rogue online pharmacies. We include several different warnings and advisories about scams related to the COVID-19 pandemic and the associated turmoil it has caused the global marketplace. We update an alert we first issued in 2013 about private placement offerings. Our “Cybersecurity Corner” features an article about some of the security concerns related to teleworking and the consequences this may have on the cybersecurity insurance policies some businesses carry. We also feature our regular “News from the Regulators,” ‘Calendar of Upcoming Events,” and “Enforcement News” segments.
Document preview

In this month’s issue you can listen in to a recent interview with Secretary Marshall, where she shared some timely advice to steer clear of financial fraud related to COVID-19, as well as a FINRA podcast looking back on five years of investor protection through the Helpline for Seniors. Our Cybersecurity Corner this month features a great write-up walking you through what you need to know to keep your data safe when it’s time to say goodbye to your old computer. We have information on an upcoming public hearing regarding the proposed extension of rules related to the Local Public Offering (LPO) option of the state crowdfunding law (NC PACES). Be sure to check out the news on NASAA’s recently-released Annual Report on State-Registered Investment Advisers, as well as our write-up on a great new nonprofit partnered with state government to get deliveries to seniors and others at heightened risk from COVID-19. And as always, please be sure to check out our regular features, News from the Regulators, Enforcement News and our Calendar of Upcoming Events.
Document preview

In this issue, Secretary Elaine F. Marshall explains how her office is operating during the State of Emergency period caused by the Covid-19 pandemic. Earlier this month, Secretary Marshall joined NC Department of Revenue Secretary Ronald G. Penny for a Tele-Town Hall sponsored by AARP North Carolina. See the video of Secretary Marshall talking about the different kinds of scams that her Department investigates. She also warns investors to watch out for Covid-19-related scams and provides tips about how to spot potential scams. We also provide information about an upcoming webinar offered by the National Cyber Security Alliance about how to be safe while teleworking during the Covid-19 crisis. In our Cybersecurity Corner, we discuss ransomware and how to avoid being a victim of these malicious attacks. We include our regular features, News From the Regulators, Enforcement News and our Calendar of Upcoming Events.
Document preview

In this edition of the Securities Division newsletter, Secretary of State Elaine F. Marshall invites readers to join an important tele-town hall being hosted this Friday by AARP North Carolina in which Secretary Marshall and NC Department of Revenue Secretary Ron Penny will answer questions and offer some helpful tips to avoid tax season scams. Secretary of State Securities officials conducted an informative Continuing Legal Education (CLE) seminar last week updating attorneys on our work regarding investor education, securities enforcement, and capital formation. Please note items on two recent investment scams making their way through federal court. Our Investment Advisor community may be interested in submitting comments to NASAA regarding a proposal to create a continuing education program for IA representatives. The public comment period on that proposal closes on March 30. Our recurring Cybersecurity Corner shines a spotlight on the Business Email Compromise scam that recently cost Shark Tank Judge Barbara Corcoran nearly $400,000. If it can happen to a Shark Tank Judge, it can happen to anyone! We also include our regular News from the Regulators and Enforcement News features.
Document preview

In this edition of the Securities Division newsletter, Secretary of State Elaine F. Marshall greets readers with a video message in which she offers tips on how to be a safe investor. Representatives of the Secretary of State’s Office recently participated in the NC Department of Military and Veterans Affairs’ first Military Spouse and Family Expo that was conducted at Ft. Bragg on January 30th. As we begin the new year, the Securities Division provides a list of the Top Investor Threats for 2020. Many of the threats are familiar, including Ponzi schemes, fraudulent promissory notes and real estate investments. We also provide an update on the Department’s participation in a federally-funded project to pilot a new platform for brokerage firms and banks to report suspected cases of financial fraud and exploitation against vulnerable adults. We also warn NC business owners about a scheme designed to mislead them into paying a Michigan-based company $90 extra to file an annual report the business can file quickly and easily itself though the Secretary of State’s website without the added cost. In our recurring Cybersecurity Corner, we spotlight the release of the Attorney General’s 2019 annual report on data breaches. We also include our regular News from the Regulators and Enforcement News features.
How can we make this page better for you?

Request Support

Request support or submit a suggestion, we will get back to you via email or phone.
 

Get Started
Back to top