CALIFORNIA’S FRAMEWORK TO COMBAT INTERNET INVESTMENT FRAUD

California has taken a progressive stance in preventing and prosecuting Internet investment fraud. California state authorities have worked with other states through the aegis of the North American Securities Administrators Association (NASAA) since 1994. Notwithstanding, because much securities fraud is interstate in nature, California authorities must often defer to federal law enforcement authorities regarding the prosecution of securities offenses.

The following questions have been addressed in this article:

How does the DOC engage in the promotion of consumer awareness regarding securities fraud?
How does the DOC prosecute securities fraud?
What investments other than investment fraud fall under the prosecutorial jurisdiction of the DOC?

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