Visit the Securities Division's Fraud Prevention Center to learn more about the different types of scams and frauds in Arizona. Free reading materials and videos on wise investing and fraud prevention are available at the Investor Resource Library.
Attention: Beginning August 19, 2019, www.AZInvestor.gov will be found at AZCC.gov/AZInvestor. For up-to-date information on investment education and fraud prevention, please visit our new site and bookmark it.
Report Suspected Violations
Contact the Securities Division if any of the following applies:
Call 602-542-0662 or send an email asking for the special investigator assigned to the case.
To view enforcement actions of the Securities Division and access the eDocket file containing all of the public documents filed in a case, click on the Respondent's name. To view the administrative complaint, click on the date.
What is the difference between an enforcement action and an enforcement order?
Consent Order—Sometimes prior to the hearing or even before the Securities Division files its charges, the Commission can enter into a settlement where the respondent agrees to comply with certain terms and conditions. The respondent may agree to the order without admitting or denying the facts outlined in the case.
Temporary Cease and Desist Order—The Securities Division orders the respondent to immediately stop violating the securities laws by ceasing the activity in question. With this type of order, the Securities Division must eventually provide evidence to prove its allegations against the respondent at a hearing.
Permanent Cease and Desist Order—The Commission finds that the Securities Division has proven its case against the respondent, who must now comply with the terms of the order or be subject to additional sanctions, including contempt charges in civil court.
Depending on the type of order and its terms, a respondent may still have the right to a full hearing before a Commission Administrative Law Judge or to appeal the decision to court. Often in a settlement, the respondent waives any further right to appeal. If the right to appeal is available, however, it must be exercised within a specific time period or the respondent may have no further recourse.
The Commission has issued a temporary order to cease and desist. If I'm an investor, what should I do?