DORA Division of Securities releases its Fiscal Year 15-16 Annual Report

Report highlights ways division has protected consumers

DENVER  (Oct. 18, 2016) — The Division of Securities at the Colorado Department of Regulatory Agencies (DORA) released an annual report for the 2015-2016 fiscal year, which highlights the work the division has done to effectively regulate Colorado’s securities industry. The report highlights several key investigations and enforcement actions taken by the division to protect consumers, and notes efforts to cut regulatory red tape and improve internal processes. The Division of Securities’ report  is part of a series of annual reports being issued by DORA.

“The Division of Securities licenses more than 200,000 securities industry professionals, and is constantly working to identify and stop harmful financial predatory practices,” said DORA Executive Director Joe Neguse. “Through their engagement with industry stakeholders, they also consistently look to streamline their processes, and to reach out to communities in need of important information that could protect their hard-earned money from scam artists, as highlighted in their annual report.”

The mission of the Division of Securities is to protect investors and maintain confidence in the securities market. “While licensing ensures a minimum level of competency that investors can rely on, it is also a mechanism to keep bad actors out of Colorado,” said Colorado Securities Commissioner Gerald Rome. “When we receive complaints, we investigate and enforce as the law allows, as well as work to educate investors and consumers on identifying scams. We also appreciate the input and vigilance of our licensees who assist us in our mission of serving and protecting Colorado consumers.”  

Enforcement statistics by the Division of Securities in 2015-2016 include:

  • 77 new investigations
  • 71 enforcement actions
  • 17 civil cases
  • $33 million awarded in damages
  • 21 administrative sanctions
  • 9 criminal indictments
  • 28 years in prison sentence
  • $5.5 million ordered in restitution

To read the complete report, visit