How the Alabama Securities Commission is Protecting Alabama Investors from Internet Fraud

We wrap up our special series on phone, Internet, and elder fraud with Amanda Senn, Director of the Alabama Securities Commission. In part one of our conversation, Director Senn explains the Commission’s mission to protect Alabama investors against all forms of securities and investment fraud and talks about the current trends the ACS is seeing.  

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The Commission is committed to protecting investors against securities fraud and provides aggressive enforcement actions against any firm or individual who has violated the Alabama Securities Act or other state and federal statutes to the detriment of Alabama investors.  

The Commission licenses and regulates securities broker-dealers, agents, investment advisers and investment adviser representatives, and financial planners.  

You can prepare yourself to make an informed investment decision through Broker Check or contacting the Commission to determine if the representative and firm with whom you wish to do business are properly registered in Alabama. Our staff can also provide free information relating to the disciplinary history (crime, complaints, civil law suits, etc.), educational background and work experience of a firm or representative. 

https://asc.alabama.gov/ 

Call 1-800-222-1253 or [phone] 

This is the link to the NPR “In Focus with Carolyn Hutcheson” Podcast https://www.npr.org/podcasts/946279880/in-focus-with-carolyn-hutcheson 

NASAA also produces a podcast that highlights real securities fraud cases, and we talk to the investigators and attorneys that worked the case.  https://www.nasaa.org/investor-education/multimedia-library/real-life-regulators/ 

To report fraud to the FTC, click this link: https://reportfraud.ftc.gov or call the FTC's Consumer Response Center at 877-382-4357 

To report fraud that takes place over the internet go to https://www.ic3.gov/