Below you'll find a list of all posts that have been categorized as “News and Announcements”
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 …
The Office of the Utah Attorney General (OAG) and Utah Department of Commerce’s Division of Consumer Protection (DCP) are issuing a consumer alert regarding the recent sale of 23andMe, a direct-to-consumer genetic testing company. The bankruptcy court approved the sale of 23andMe’s assets, including consumer genetic data and samples, to TTAM, a nonprofit created by 23andMe founder and CEO Ann Wojcicki. Utah successfully advocated for …
SALT LAKE CITY, UT— Newly revealed information in Utah’s lawsuit against the popular app Snapchat exposes the disturbing extent to which Snapchat’s alleged practices directly harm Utah’s children. The Utah Department of Commerce’s Division of Consumer Protection, represented by the Utah Office of the Attorney General, submitted the lawsuit against Snap, Inc. on June 30, 2025. Significant portions of the …
Salt Lake City, Utah—The Utah Department of Commerce has appointed Robert Cummings as the new Director of the Utah Division of Securities (Division). Cummings brings over 15 years of experience in civil and criminal litigation, along with a strong passion for public service, to his new role. He has tried several cases in the securities industry, including criminal securities fraud …
Salt Lake City, Utah – Utah Attorney General Derek Brown and Utah Department of Commerce Executive Director Margaret Woolley Busse today announced approximately $720 million nationwide in settlements with eight drug makers that manufactured opioid pills and worsened the nationwide opioid crisis. Based on the overwhelming participation by states across the country, all eight defendants have agreed to proceed with …
The utility has already filed an appeal petition to the Utah Supreme Court to contest the denial By: Alixel Cabrera, Utah News Dispatch The Utah Public Service Commission won’t reconsider its decision on Rocky Mountain Power’s rate increase request, with commissioners saying they were offended by how the state’s largest utility worded its review request. Arguing that Utah ratepayers shouldn’t …
