Regulatory Alerts2015-07-24
Advisory Concerning Securities Sales
The Idaho Department of Finance issued this advisory to warn licensed financial professionals that many non-insurance products are regulated securities requiring proper filing and licensing. The document highlights fraudulent promoters who misrepresent unregistered investments such as promissory notes, high-yield programs, and life settlements as unregulated opportunities. Professionals are urged to vet passive investment offerings and contact the Department in advance to avoid violating Idaho law and facing costly enforcement actions.
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