Regulatory Alerts2020-06-25
Advisory Concerning Securities Sales
The Idaho Department of Finance issued this guidance to warn licensed financial professionals that many non-insurance products, such as promissory notes and high-yield investment programs, are regulated securities. The agency clarifies that if a product promises investment returns for passive investors, it is likely a security requiring both Department filing and a securities license for sale. Professionals are advised to vet passive investment opportunities carefully and contact the Department in advance to avoid violating Idaho law and facing costly enforcement actions.
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