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Bureau of Securities Press Releases

Read the latest news on enforcement actions from the Bureau of Securities Regulation.

2024

07-02-2024 New Hampshire Secretary of State Orders N.H. Risk Pool to Cease and Desist Alleged Unlawful Practices

04-25-2024 Bureau of Securities Regulation Reaches Nearly 6-Million Dollar Settlement Against Former Financial Adviser Thomas Chadwick

02-21-2024 Bureau of Securities Reaches over 1-Million Dollar Settlement and Bars N.H. Agent

2023

11-16-2023 Bureau of Securities Regulation Files Joint Action Against Alleged Global Fraud Scheme

10-10-2023 New Hampshire Secretary of State's Securities Bureau Suspends New London Advisory Firm

09-05-2023 New Hampshire’s Insurance Department & Secretary of State Reach Settlement with Northwestern Mutual

08-07-2023 N.H. Secretary of State Joins Multi-State Enforcement Effort Against Lear Capital

07-27-2023 N.H. Secretary of State’s Securities Bureau Files Order for Relief Against Former Investment Adviser

06-14-2023 N.H. Secretary Recognizes World Elder Abuse Awareness Day

05-03-2023 New Hampshire Secretary of State’s Bureau of Securities Regulation Reaches Settlement with Merrill Lynch

Archived Press Releases 2019-2022, Bureau of Securities

2022

04-29-2022 N.H. Bureau of Securities Files Action to Stop Fraudulent and Unlicensed Activity of Former New London-based Investment Advisor

03-04-2022 N.H. Bureau of Securities Reaches Settlement with Manchester-based Alumni Ventures Group

2021

12-20-2021 N.H. Bureau of Securities Settles with Raging bull; N.H. Residents and Others to Receive Refunds

2020

12-08-2020 N.H. Bureau of Securities Regulation Alleges Fraud Against RAGINGBULL.COM

12-07-2020 N.H. Bureau of Securities Reaches Record Settlement with Merrill Lynch

08-04-2020 Bureau Settles with LPL Financial

01-06-2020 Bureau of Securities Issues Advisory to Raise Awareness of Bond Ratings

Archived Press Releases 2015-2019, Bureau of Securities

2019

12-17-2019 Bureau Alleges Securities Fraud By Daniel Olivier Of Lancaster N.H.

10-09-2019 Bureau Alleges N.H. Financial Advisor Invests Client Money in Fraudulent African Charity

08-07-2019 Bureau of Securities Announces New Law to Combat Financial Exploitation of Vulnerable Adults 

06-03-2019 N.H. Securities Bureau Files Action Concerning $40-Plus Million Nationwide Offering 

06-03-2019 N.H. Securities Bureau Initiates Administrative Enforcement Action Against Lewis Niles

2018

12-03-2018 N.H. Securities Bureau Issues Cease and Desist Order Against James A. Valentine 

11-29-2018 N.H. Securities Bureau Settles with Morgan Stanley for $983,284.96 

11-15-2018 N.H. Securities Bureau Issues Cease and Desist Order Against Sean C. Grady

10-30-2018 N.H. Securities Bureau Finds Owner/Operator of Liquid Planet Water Park Violated N.H. Securities Laws

10-15-2018 N.H. Securities Bureau Reaches Settlement with Firm Engaged in Brokering Notes

10-02-2018 N.H. Securities Bureau Files Fraud Action Against Promoter of Tiny Homes

09-11-2018 Lydea Irwin, Young Professional Of The Month 

06-15-2018 N.H. Securities Bureau Warns of Romance Scams

2017

10-24-2017 N.H. Securities Bureau Reaches $400,000 Settlement with Ceros Financial Services, Inc.

05-16-2017 N.H. Securities Bureau Files Enforcement Action Against York, Maine Man 

05-03-2017 LPL Financial to Offer Over $8,000,000 In Remediation to N.H. Investors Under Bureau Consent Order

04-07-2017 N.H. Securities Bureau Files Fraud Action Against Salem Man 

2016

12-06-2016 N.H. Securities Bureau Resolves Matter with Federal Investment Adviser for $2.9 Million 

09-30-2016 N.H. Securities Bureau Finds Securities Fraud Committed by Robert J. Raffa 

02-18-2016 N.H. Securities Bureau Permanently Bars David F. Brochu and Takes Action to Recover Investor Funds

02-01-2016 N.H. Securities Bureau Bars Broker for Unlawful Telemarketing and Misleading Investigators 

2015

12-15-2015 N.H. Securities Bureau Settles Action Against LPL Financial Over Non-Traded REITS for $750,000 

12-10-2015 N.H. Securities Bureau Initiates Proceedings to Bar Unlicensed Advisory Activity 

04-28-2015 N.H. Securities Bureau Obtains Temporary Restraining Order Against the Used Apple Store and Its Owner Bill Williams 

04-27-2015 N.H. Securities Bureau Shines Light on Broker-Dealer Fees 

04-23-2015 N.H. Securities Bureau Files Action Against the Used Apple Store in Derry, N.H. and Its Owner Bill Williams 

04-06-2015 N.H. Securities Bureau Files Action Against LPL Financial Over Unlawful Sales of Alternative Investments 

03-10-2015 N.H. Securities Bureau Files Action Against Interinvest Corp, Inc., Hans Peter Black, and Alex Richard Black 

01-14-2015 N.H. Securities Bureau Enters Findings Against St. John International University, Inc. 

01-8-2015 N.H. Bureau of Securities Regulation and the N.H. Banking Department Settle Case Against Upper Valley Commercial Corporation, David Patten, and Alvin Fadden for $500,000 in Fines, Plus Other Sanctions

01-07-2015 N.H. Securities Bureau Settles Seventh Telemarketing Matter 

Archived Press Releases 2012-2014, Bureau of Securities

2014

12-30-2014 N.H. Securities Bureau Settles Telemarketing Investigation of Merrill Lynch for $400,000 

12-15-2014 N.H. Securities Bureau Announces Launch of Streamlined Electronic Filing Depository 

09-22-2014 N.H. Securities Bureau Initiates License Suspension Action Against Kleossum, Inc. and David F. Brochu 

09-11-2014 N.H. Bureau of Securities Offers Investor Education Program Addressing Women’s Financial Educational Needs 

09-04-2014 BSR Takes Fraud Action Against Former Financial Adviser 

08-27-2014 BSR Settles Action with National Broker-Dealer over Alternative Investments and Telemarketing 

08-21-2014 Jaffrey Residents to Pay $600,000 In Disgorgement To Settle N.H. Securities Bureau's Fraud Claims 

05-22-2014 N.H. Bureau of Securities Takes Action Against Jaffrey Residents for Fraud and Licensing Violations 

05-15-2014 N.H. Securities Bureau Issues Order Against Rindge Resident for Fraud and Licensing Violations 

05-12-2014 NEXT Financial and Nashua Broker to Pay $140,000 Settlement to N.H. Securities Bureau 

04-03-2014 N.H. Bureau of Securities Offers New Investor Education Program Addressing Women’s Financial Educational Needs 

03-31-2014 J.P. Morgan To Pay Over $2.9 Million in Settlement with Securities Regulators 

02-26-2014 N.H. Securities Bureau Settles Action Over Do-Not-Call Violations For $750,000 

01-24-2014 Bureau of Securities Issues Investor Alert Regarding Securities Sales by California Firms 

2013

12-31-2013 N.H. Bureau of Securities Regulation and the N.H. Banking Department Take Action Against Upper Valley Commercial Corporation, David Patten, and Alvin Fadden 

12-04-2013 N.H. Bureau of Securities Regulation: Beware of Pyramid Schemes Posing as Multi-Level Marketing Programs 

10-23-2013 UBS Fined and Censured for Violations of Securities Laws; Ordered to Pay Over $80,000 

10-17-2013 Manchester Resident Ordered to Pay $100,000 Restitution to Defrauded Investors 

05-29-2013 Bureau of Securities Orders Dover's Nickolas Skaltsis to Pay Restitution and Fines 

04-11-2013 N.H. Securities Bureau Initiates Action to Curtail Telemarketing Abuses 

03-25-2013 Bureau of Securities Warns Public of Internet Investment Scheme

03-11-2013 Bureau of Securities Bars Bedford Investment Adviser 

01-24-2013 N.H. Bureau of Securities Regulation Takes Action Against Nickolas Skaltsis for Dover Ponzi Scheme 

2012

12-03-2012 N.H. Bureau of Securities Regulation Warns of Threat of Fraud to Elderly and Other Victims 

09-10-2012 Manchester Man Found to Have Committed Securities Fraud, Ordered to Return $237,000 to Victims 

08-30-2012 N.H. Securities Bureau Takes Action Against Nicholas Rowe and Focus Capital Wealth Managment, Inc. 

06-28-2012 N.H. Securities Bureau Takes Action to Stop Improper Solicitations 

05-04-2012 N.H. Securities Bureau Announces "Con Artist" Investor Education Program 

04-25-2012 Schoolcare Agrees to Return $8.5 Million to Members 

03-26-2012 Primex Agrees to Return Minimum of $16 Million to Members 

03-16-2012 Keene Securities Broker's License Revoked Based on Allegation of Elder Exploitation 

02-01-2012 OppeN.H.eimer to Pay $155,000 for Illegal Sale of Penny Stocks at Portsmouth Office 

01-09-2012 Securities Firm Sanctioned for Unsolicited Calls to N.H. Investors 

Archived Press Releases 2005-2011, Bureau of Securities

2011

10-20-2011 Former Portsmouth Securities Broker Barred from Future Activity in New Hampshire 

10-19-2011 N.H. Securities Bureau and Insurance Department Take Action Against Metlife Agent

10-04-2011 Bedford Firm Target of Securities Bureau Action 

08-23-2011 UBS to pay $1 Million Under Consent Order with N.H. Securities Bureau Based on Sale of Lehman Investments 

06-14-2011 Investigation of Pooled Risk Management Programs 

06-09-2011 N.H. Securities Bureau: Initiates Action Against OppeN.H.eimer and Co. 

05-20-2011 N.H. Securities Bureau: Information on LGC Investigation Important to Public 

05-11-2011 N.H. Securities Bureau Says LGC Should Return Millions to Cities and Towns 

2010

12-30-2010 N.H. Securities Bureau Issues Recommendations on Appropriate Reserve for Pooled Risk Programs 

11-19-2010 Bureau of Securities Issues Statement of Policy Regarding Promissory Notes 

11-15-2010 N.H. Securities Bureau Identifies Top Ten Investor Traps 

10-28-2010 N.H. Bureau of Securities Regulation Issues Report on Investigation of Local Government Center 

10-26-2010 N.H. Bureau of Securities Regulation Urges Caution for Investors Mining for Golden Opportunities 

10-05-2010 N.H. Securities Signs Consent Order with UBS 

04-22-2010 Report of the Bureau of Securities Regulation's Review of Financial Resources Mortgage, Inc. and Related Matters 

04-15-2010 N.H. Securities Bureau Issues Consent Order on UBS and State Student Loan Program 

2009

08-18-2009 Bureau of Securities Announces Top 10 Investor Traps 

08-17-2009 Investment Settlements Offer Relief to New Hampshire Investors 

06-11-2009 State and Federal Regulators to Rein in Risk 

06-03-2009 N.H. Securities Regulators File Action Targeting UBS Sales Practices 

05-14-2009 Bureau Announces New Investor Education for Unemployed Citizens 

2008

12-29-2008 Fraudsters Target Sandwich Generation Investors 

11-03-2008 New Hampshire Announces IARD System Fee Waiver 

10-14-2008 New Hampshire and AARP Team to Offer "Free Lunch Seminar Monitor" Program 

09-09-2008 Bureau of Securities Regulation Resolves Amends Filing Against UBS, Alleges UBS Violated Fiduciary Duty 

08-14-2008 N.H. Securities Bureau Takes Action Against UBS 

07-07-2008 New Hampshire Gov. Lynch Signs Senior Investor Protection Legislation into Law 

06-17-2008 N.H. Securities Regulators Identifies Traps Likely to Burn Investors This Summer 

05-12-2008 N.H. Securities Regulation Launches Program to Help Law Enforcement Investigate Investment Fraud 

05-07-2008 State and Federal Regulators and AARP N.H. Caution Seniors About Investor Fraud 

04-22-2008 Securities and Exchange Commissioner Casey to Deliver Keynote Address at Senior Fraud Seminar 

04-9-2008 Ameriprise Settles Securities Violations with State 

04-03-2008 State Securities Regulators Slams Federal Report 

04-02-2008 N.H. Bureau of Securities Regulation, SEC and AARP N.H. Bring Senior Fraud Seminar to the Seacoast

2007

11-08-2007 N.H. Securities Bureau and U.S. Commodity Futures Trading Commission Partner in Fraud Case Federal Court Imposes over $20 Million in Fines 

10-22-2007 N.H. Securities Bureau Takes Second Enforcement Action Against Ameriprise Financial 

08-30-2007 N.H. Securities Regulators Identify Top 10 Traps Facing Investors in 2007 

04-24-2007 N.H. Bureau of Securities Regulation, SEC and AARP Bring Senior Fraud Seminar to North Country 

01-08-2007 National Securities Regulators Present Annual Award To New Hampshire Director 

2006

11-01-2006 Three Former U.S. Ambassadors to Take Part in Unusual Panel On Corporate Responsibility 

10-24-2006 SEC, N.H. Bureau of Securities Regulation and AARP to Present Elder Fraud Seminar 

10-10-2006 N.H. Securities Bureau Resolves Action Against ING 

06-09-2006 N.H. Securities Bureau Files Action Against ING 

05-03-2006 Myron Kandel to Moderate Panel on Future of Business in New Hampshire 

03-15-2006 University of New Hampshire Hosts Corporate Responsibility Initiative's Kick-Off Event 

2005

12-14-2005 Myron Kandel, Founding Financial Editor of CNN, to Lead N.H. Initiative on Corporate Governance 

12-12-2005 Regulators Urge Investors to Carefully check Credentials of "Senior Specialists" 

07-12-2005 American Express Financial Advisors Reach Settlement with New Hampshire Bureau of Securities Regulation 

06-16-2005 Federal Commodity Regulator and State of New Hampshire Bring Sales Fraud Claims Against Florida Trading Firm Cromwell Financial Services, Inc. and Others 

04-07-2005 N.H. Securities Bureau Reaches Settlement with Morgan Stanley for $435,000.00 

03-25-2005 N.H. Dept. of Securities Regulation Names Top Ten Threats to Investors 

02-18-2005 N.H. Securities Bureau Takes Action Against American Express Financial Advisors 

01-26-2005 N.H. Securities Bureau Suspends Florida Company's License 

Archived Press Releases 2002-2004, Bureau of Securities

2004

12-16-2004 Securities Exchange Commission and N.H. Securities Regulators Announce Settlement with Pennichuck Corporation 

09-30-2004 N.H. Securities Regulators Warn Investors of Ongoing Voice Message "Wrong Number" Scam 

08-26-2004 New Hampshire to Receive $337,500 in Settlement with Deutsche Bank Securities and Thomas Weisel Partners 

08-25-2004 N.H. Securities Bureau Requests Clarification from Google 

06-23-2004 N.H. Securities Bureau Takes Action Against Morgan Stanley 

02-05-2004 N.H. Securities Regulators Join SEC and New York Attorney General's Office in $225 Million Settlement with Massachusetts Financial Services 

2003

11-05-2003 Unsuitable Investments Cited in Settlement with Florida Brokerage Firm 

09-10-2003 Center for Public Responsibility and Corporate Citizenship Established As a Result of Tyco Settlement

09-05-2003 N.H. Securities Regulators Warn Seniors to be on the Lookout for Investment Fraud 

07-15-2003 N.H. Securities Regulators Oppose Effort by Congressional Panel to Limit State's Authority to Deter Fraud 

04-28-2003 N.H. to Receive $4 Million in Wall Street Settlement 

03-13-2003 State Securities Regulators Warn Investors of Oil and Gas Schemes 

2002

08-07-2002 N.H. Securities Bureau Broadens Its Investigation of Tyco International 

07-18-2002 State Reaches Record Securities Settlement with Merrill Lynch Regarding Broker Activity