Below you'll find a list of all posts that have been categorized as “Blog”
Salt Lake City, UT—The Utah Department of Commerce’s Division of Consumer Protection, represented by the Office of the Utah Attorney General, helped secure a $45 million multi-state settlement with Block, Inc., the company behind the popular peer-to-peer payments app Cash App. The settlement resolves allegations that Block misled consumers about the safety of Cash App, failed to protect users from …
Utah to Receive $482,183 Salt Lake City—The Utah Department of Commerce’s Division of Consumer Protection, represented by the Office of the Utah Attorney General, today announced a $45 million multistate settlement with Block, Inc., the company behind the popular peer-to-peer payments app Cash App. The settlement resolves allegations that Block misled consumers about the safety of Cash App, failed to …
The North American Securities Administrators Association (NASAA) is warning investors that bad actors are preparing to unwrap a new generation of sophisticated schemes. Drawing on data from its 2025 Enforcement Report and annual survey of top investor threats, NASAA has identified top investors frauds and threats to watch out for this holiday season. According to NASAA’s 2025 Enforcement Report, state …
The holiday season is a time for giving, goodwill, and often, a little extra spending. Unfortunately, this festive atmosphere is also prime time for fraudsters who look to take advantage of our generosity and the general financial distraction of year-end activities. The Utah Division of Securities wants to ensure your investment portfolio and personal finances are secure throughout December. We …
The Utah Division of Consumer Protection acknowledges the challenges businesses may be facing due to the current penny shortage. In consultation with the Utah State Tax Commission and Department of Government Operations, we’ve issued clear guidance to help you navigate this issue seamlessly and in compliance with state law. Essential Guidance on Cash Rounding Cash rounding is a temporary solution …
As the nights grow longer and shadows dance, we often find ourselves contemplating what truly sends shivers down our spines. This Halloween, as you prepare for ghosts and goblins, the Utah Division of Securities wants to shine a light on something far less ephemeral, yet equally capable of conjuring fear: risky investment pitches. In the spirit of the season and …
The final judgment against Safeguard Metals LLC and Jeffrey Ikahn orders restitution and a civil monetary penalty; underscores commitment to protect seniors from investment fraud Salt Lake City—Utah’s Department of Commerce’s Division of Securities (Division), represented by the Office of the Utah Attorney General (OAG), today announced that the U.S. District Court for the Central District of California recently entered a …
The Utah Division of Securities has issued an Emergency Order, and the Utah Securities Commission has issued an Order of adjudication regarding JTMK Group, Inc., Bruce William Anderson, and Robert Kenneth Yukes of Cache County for engaging in illegal securities activities. Anderson and Yukes have been permanently barred from associating with any licensed broker-dealer or investment adviser in Utah. If …
By Adalynn Rich The threat of cybercrime against investors has grown significantly, and The Utah Division of Securities (“Division”) is dedicated to keeping Utah registered investment advisers informed on new cybersecurity concerns that have developed since the Division’s 2022 cybersecurity special examination. The FBI’s Annual Internet Crime Report shows that investment-related cybersecurity crimes caused nearly $6.5 billion in investor losses …