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The Enforcement Division's primary purpose is to enforce
the Oklahoma Uniform Securities Act of 2004 and the
Oklahoma Business Opportunity Sales Act.
In doing so it relies on the cooperation and input of the investing
public. This division consists of attorneys, investigators, and financial analysts that are trained to handle the
complex issues encountered in securities and business opportunities matters.
Inquiries and complaints concerning the possible violations
of the Securities and Business Opportunity Acts are made by the general public by
calling
or writing to the Department. Frequently, it is through inquiries and complaints from
individuals that serious violations of these acts are detected. Listed below are some of
the issues callers often inquire about:
- the misrepresentation or omission of facts concerning
securities or business opportunities offered for sale;
- the sale of securities by someone thought to be unregistered
with the Department;
- the misappropriation of customer funds by a person or firm
selling securities or business opportunities;
- manipulation by a person or firm of the market price of
securities, and;
- failure to properly register a business opportunity when
required by the Business Opportunity Act.
While the Enforcement Division does not act as a private
attorney for investors, the Enforcement Division does, through the investigation of
complaints, seek to end violation of the laws and prevent future violations. The
Enforcement Division also makes referrals to criminal enforcement agencies when
appropriate.
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