Below you'll find a list of all posts that have been categorized as “News and Announcements”
SALT LAKE CITY, Utah – A Belgian national in the United States operated a $5 million Ponzi scheme over the course of five years was sentenced to 60 months’ imprisonment. Kenny Dirk Van Der Spek, 36, who was living in South Jordan, Utah, pleaded guilty to securities fraud, wire fraud and money laundering in May 2025, after he defrauded approximately …
The lawsuit alleges Live Nation-Ticketmaster encouraged brokers to buy and sell millions of tickets on the secondary market SALT LAKE CITY, Utah — Utah, the Federal Trade Commission (FTC), and a coalition of states filed a lawsuit against Live Nation and Ticketmaster for hiding fees and misrepresenting ticket prices. The suit also alleges Ticketmaster encouraged brokers to circumvent the site’s enforcement measures …
The lawsuit alleges Live Nation-Ticketmaster encouraged brokers to buy and sell millions of tickets on the secondary market SALT LAKE CITY, Utah — Utah, the Federal Trade Commission (FTC), and a coalition of states filed a lawsuit against Live Nation and Ticketmaster for hiding fees and misrepresenting ticket prices. The suit also alleges Ticketmaster encouraged brokers to circumvent the site’s enforcement measures …
New Ombudsman Office to Guide HOAs and Residents Through Education and Dispute Resolution; Mandatory Re-registration for All Associations SALT LAKE CITY, UT – The Utah Department of Commerce (Commerce) is excited to announce the official launch of the Office of the Homeowners’ Association Ombudsman (Office), a new resource created to assist Utahns in navigating the complexities of community living. The …
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 …
SALT LAKE CITY, UT—The Utah Department of Commerce’s Division of Securities announced a modification to its guidance for registered investment adviser (RIA) firms regarding reasonable hourly fees. Effective immediately, RIA firms may set hourly rates they deem reasonable based upon their experience and expertise, with the Division maintaining its statutory authority to seek sanctions against RIA firms that charge unreasonable …
SALT LAKE CITY, UT—The Utah Department of Commerce’s Division of Securities (Division) announced a modification to its guidance for registered investment adviser (RIA) firms regarding reasonable hourly fees. Effective immediately, RIA firms may set hourly rates they deem reasonable based upon their experience and expertise, with the Division maintaining its statutory authority to seek sanctions against RIA firms that charge …
On July 17, 2025, the United States House of Representatives passed the Clarity Act,1 which seeks to implement a national registration and reporting regulatory scheme for the crypto and related markets. The United States Senate issued a discussion draft with similar aims on July 22, 2025.2 The Utah Division of Securities (“Division”) applauds Congress in taking the first long overdue …
Utahns report staggering $32 million in construction fraud losses over last three years. SALT LAKE CITY—The Utah Department of Commerce is taking aggressive action against construction fraud by establishing a new Residential Construction Fraud Task Force and appointing Utah’s first full-time prosecutor, housed within the Office of the Utah Attorney General, dedicated exclusively to these cases. This strategic move significantly …
