Below you'll find a list of all posts that have been tagged as “Division of Securities”
The Utah Department of Commerce’s Division of Securities, Multi-State Working Group Finds Supervisory Failures With Respect to Class A Mutual Fund Shares SALT LAKE CITY, UT – (January 16, 2025) – The Utah Department of Commerce’s Division of Securities, a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward D. Jones & …
Defendant scammed approximately 130 investors in Utah SALT LAKE CITY, Utah – A Utah County man pleaded guilty to securities fraud after admitting he lied to investors and fraudulently sold investment contracts, which are securities, without a license, to approximately 130 clients, through Utah company Alpha Influence, LLC. According to court documents and admissions made at the change of plea …
Salt Lake City, Utah – A Utah businessman was sentenced in federal court today for the second time this year after he admitted to defrauding hundreds of trusting investors throughout the United States out of $10 million in his smartphone company, SAYGUS. Chad Leon Sayers, 60, of Midvale, Utah, was sentenced to 29 months’ imprisonment, 15 of which were ordered …
Defendant spent funds on his personal mortgage, vacations, swingers clubs, luxury items and more Salt Lake City, Utah – Timothy Andrew Nemeckay, 64, of Park City, Utah, was sentenced yesterday to 12 months’ and one day imprisonment, and 24 months supervised release. In September 2023, Nemeckay admitted to wire fraud, which involved misappropriating approximately $1.7 million from investors investing in …
In light of the closure of the Securities and Exchange Commission regional office in Salt Lake City, many questions have arisen regarding what it means for Utah and the regulation of the state’s financial institutions. The SEC has been a strong partner with the Division over the years both in Salt Lake City and other regional offices. We would like …
Have you wondered what the Division of Securities can do for you? A bit of historical perspective might provide a better understanding. Founded in 1919 as the Securities Commission for enforcement of Utah’s Blue Sky laws, the Utah Division of Securities now enforces the Utah Uniform Securities Act. The Act has five objectives:¬ to license broker-dealers and their agents, investment …
