Welcome to the North Carolina Securities Division website! Whether you are an
investor or work in the securities industry, we hope that you will find this website
to be a useful source of information.
The North Carolina Securities Division is physically in the Millbrook Collection Shopping Center located at
4701 Atlantic Avenue, Suite 116, Raleigh, NC.
Our mailing address is PO Box 29622, Raleigh, NC 27626-0622.
Our telephone number is (919) 733-3924 or toll-free at
Our telefax number is (919) 807-2183. General email
queries may continue to be sent to firstname.lastname@example.org.
To file a complaint, please see the procedures listed under "How to File a Complaint"
listed in the menu to the left."
NEW! NASAA Warns Investors to Watch for Sandy Scams
Important Information for ZeekRewards Investors
Electronic Investment Company Notice Filing now Available!
North Carolina Man Pleads Guilty for His Role in $40 Million Investment Fraud
On October 24, 2011, Bryan Keith Coats of Clayton, NC, pled guilty in US District
Court in Charlotte to one count of conspiracy to commit commodities, securities,
and wire fraud and one count of promotional money laundering conspiracy. This was
a case that was jointly investigated by the North Carolina Securities Division and
the Federal Bureau of Investigation (FBI), Charlotte Division. Click
here to read the full press release.
Federal Court Orders Charlotte, NC, Couple and Their Companies to Pay $24 Million
for Defrauding Customers in Foreign Currency Ponzi Scheme
In an announcement on November 1, 2011, the U.S. Commodity Futures Trading Commission
(CFTC) said it had obtained a federal court supplemental consent order requiring
defendants Sidney S. Hanson, Charlotte M. Hanson, and their companies,
Queen Shoals, LLC, Queen Shoals II, LLC, and Select Fund, LLC
to pay $24 million in restitution and civil monetary penalties for defrauding customers
and misappropriating millions of dollars in a foreign currency (forex) Ponzi scheme.
In making its announcement, the CFTC acknowledged the assistance of the North Carolina
Department of the Secretary of State (Securities Division), the U.S. Marshall’s
Office, the Federal Bureau of Investigation, and the Office of the United States
Attorney, Western District of North Carolina. Click
here to read the full announcement.
Information for registered
investment advisers subject to the Dodd-Frank "Switch"
Order granting temporary relief for investment advisers previously exempt from registration
under N.C.G.S. §78C-16(a)(4).
Investment Company Notice Filing
With the passage of the Dodd-Frank Wall Street Reform Act, this CNNMoney.com article
explains how state securities regulators will have some increased power to catch
financial bad guys again. Click
here to read the article.
Securities Salesman Fee Amendment
State filing requirements for Issuers Relying on the Securities Act of 1933, Regulation
D, Rule 506 beginning March 16, 2009. Click
here for more information.
Madoff-style Ponzi Schemes: Investors are
warned not to trust investment schemes that promise above average returns with little
or no risk. To learn how to recognize and avoid becoming a victim of a Bernard Madoff-style
Ponzi scheme, read this
NASAA investor alert. For more information on how to become a better informed
investor, please browse the "Investor
Education Resources" section of our website.
If you are an investor, and someone is offering you an investment opportunity that
sounds "too good to be true," - IT PROBABLY IS!!! We encourage investors to make
sure that any investment offer and the person making the offer are properly registered
with the state by calling our investor hotline at
The offer, sale, and purchase of securities are subject to a very complex system
of regulation carried out by federal, state, and self-regulatory agencies. We administer
North Carolina’s securities laws, which are located in Chapters 78A and 78C of the
North Carolina General Statutes. The intent of these laws is to protect the investing
public by requiring a satisfactory investigation of both the people who offer securities
as investments and of the securities themselves. The Securities Division also addresses
investor complaints concerning securities brokers and dealers, investment advisers
and commodity dealers as well as complaints about offerings of particular investments.
Although the Division cannot represent an investor in a claim for monetary damages,
the staff can investigate alleged violations and may suspend or revoke licenses,
issue stop orders against securities offerings, issue cease-and-desist orders, seek
court-ordered injunctions or refer matters to an appropriate district attorney for
criminal prosecution. Conviction of willfully violating the securities statutes
carries the penalty of a felony.
Again, welcome to our site. Take a look at the information available from the links
on this page, and please contact us if we can be of any help!