Older Americans cannot leave the fate of their retirement nest eggs to chance.
There is always some element of uncertainty in investing, but when the money at stake represents a lifetime of savings or a lump sum pension payment-money that is crucial for retirement and cannot be recaptured-taking undue risk may spell disaster. Unfortunately, it can sometimes be difficult for older investors to know when the risk is too great, or if they are being misled into investing in a product that is unsuitable to their needs.
Older Americans are the No.1 target of con artists. The files of state securities agencies are filled with tragic examples of seniors who have been cheated out of savings, windfall insurance payments and even equity in their homes.
This Regulation sets forth the requirements for the notice filing and the required fees with respect to certain federal covered securities; specifically, securities involved in private offerings exempt from federal registration under Rule 506 of Regulation D. Initial notice filing fee of $600.00 with an annual renewal fee of $600. Please make check payable to the “Department of Financial Regulation.
The perpetrators of advance fee fraud, known internationally as "4-1-9 fraud" (after the section of the Nigerian penal code which addresses these schemes), are often very creative and innovative. A large number of victims are enticed into believing they have been singled out from the masses to share in multi-million dollar windfall profits for no apparent reason.
The Vermont Securities Division is responsible for regulating the securities industry in the state of Vermont. Securities can take many forms, including stock, notes, bonds, some partnership interests, variable annuities, viatical settlements, among many others. So what is a security?
Our Investor Information section has something for Vermonters of all ages, whether you are looking for information on investing basics, the latest investor alerts or wish to file a complaint. You can also get information regarding our Investor Education program; check our calendar of events or learn how you can book an investor education seminar for your civic group or classroom.