Additional Archives
Securities Division Newsletters
January 2016 Newsletter
In this issue, we report on the sentencing in federal court of David Christopher Mayhew, of Raleigh, to 320 months imprisonment, followed by 3 years of supervised release for his role in a $2 million investment fraud case. Mayhew was also ordered to repay his victims. We also report on the Continuing Legal Education (CLE) seminar on crowdfunding that Secretary of State Elaine F. Marshall and Leo John, Investor and Business Outreach Legal Specialist, co-presented to the Orange County Bar Association. The Department of the Secretary of State will be conducting several free CLEs this year, so please periodically check our Calendar of Upcoming Events (http://www.secretary.state.nc.us/sec/Calendar.aspx). We include the Securities and Exchange Commission's (SEC) Investor Bulletin on the ten investor tips for 2016 and a joint SEC-FINRA alert on securities-backed lines of credit. We report that the registration renewal compliance rate for investment advisers was the best we've seen in the past five years. Only two investment advisers failed to renew their registrations for 2016 by the December 31, 2015. The Securities Division has made outreach and education a particular priority in recent years. We also report that the North American Securities Administrators Association (NASAA) has launched a new website, www.ServeOurSeniors.org, that is designed to provide senior-focused resources in investors, caregivers, industry and policymakers. We encourage everyone to bookmark it. We also recommend a recent Wall Street Journal article entitled, "The Ethical Challenges Facing Entrepreneurs". It expounds on the ethical risks entrepreneurs face at every stage of a company's life. We also include a list of the SEC's examination priorities for the coming year. Although specifically directed to industry professionals, it should give investors an idea of some of the questions they should be asking their brokers. We conclude with our regular features, including the Calendar of Upcoming Events, On the Docket, Recent Enforcement Actions and News from the Regulators.