The goals of the Securities Division of the Office of the Secretary of State are to ensure the integrity of the securities marketplace through investigative actions as well as the registration and oversight of securities, securities brokers and dealers, investment advisors and their representatives; to enhance legitimate capital formation; and to minimize the burden and expense of regulatory compliance by legitimate businesses. The Division reviews prospective offerings of securities to ascertain that full and fair disclosure is made to potential investors and that the terms of offerings are not inherently fraudulent. The Division monitors the conduct of securities dealers and salespersons to ensure compliance with applicable state and federal laws; investigates possible violations; and, when the evidence warrants, initiates administrative or civil actions, or refers cases for criminal prosecution. The Division is staffed with numerous investigators and other professionals who serve to protect Nevada investors.
Securities Division Overview & Services:
Licensing and Registration
Nevada Securities Laws require that all persons who propose to act as broker-dealers, broker-dealer agents (sales representatives), investment advisers, investment adviser representatives or associated persons, issuers or associated persons, and certain non-exempt transfer agents be registered with the Securities Division prior to engaging in any securities-related business activities, unless exempt from registration. The Securities Division is responsible for all phases of licensing and registration, including the review and approval of applications for registration and proposed offerings of securities for sale in or from the State of Nevada.
Compliance Investigators of the Securities Division are responsible for conducting periodic field inspections of broker-dealers and investment advisers registered with the State of Nevada to ensure that both the firm and its employees are in compliance with applicable state and federal laws. Inspections of books and records are used to determine whether there are any improprieties in the business conduct of the broker-dealers and investment advisers. The Division's Compliance Investigators have the authority and responsibility to refer any identified violations for possible administrative and/or civil action, and to obtain equitable remedies including the possible rescission of transactions and imposition of fines and/or penalties against the violators.
Compliance and Criminal Investigators of the Securities Division conduct investigations into alleged violations of the Nevada Uniform Securities Act, which are brought to the Division's attention through proactive anti-fraud activities of the Division's investigators, or through complaints, inquiries, and information received from other agencies and sources. Most investigations by the Securities Division are prosecuted independently, but Investigators regularly cooperate with federal and local regulatory and law enforcement agencies.
The Securities Division has the authority to issue cease and desist orders to stop securities violations; to deny, suspend, or revoke a license; and may permanently bar individuals from participating in the securities industry. The Division may also refer violations to the appropriate agencies for criminal prosecution, such as the Office of the Attorney General or the District Attorney.
Free investor education materials may be picked up from the Las Vegas Office of the Secretary of State (see below) or on this site under the Investor Education tab. Topics of interest include investment product information, investing wisely, and how to recognize investment fraud.
Nevada Secretary of State, Las Vegas Office
555 East Washington Avenue, Suite 5200
Las Vegas, NV 89101