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On January 2, 2026, the Alaska Division of Banking and Securities announced a significant crackdown on unregistered investment advisers operating within the state. This move comes in response to an increasing number of individuals and firms offering investment advice without proper registration, putting Alaskan investors at risk.The Division of Banking and Securities has identified several unregistered advisers who have been actively soliciting investments from residents of Alaska. These individuals have been operating without the necessary licenses and certifications required to provide investment advice, potentially exposing investors to scams and fraudulent schemes.In a statement released by the Division of Banking and Securities, Deputy Commissioner Sarah Hamilton emphasized the importance of proper registration for investment advisers. "Investors should always do their due diligence and ensure that any individual or firm offering investment advice is properly registered with our office," Hamilton stated. "Unregistered advisers pose a significant risk to investors, and we are committed to taking action against those who violate the law."As part of the crackdown, the Division of Banking and Securities has issued cease and desist orders to several unregistered investment advisers, prohibiting them from soliciting investments from Alaskan residents. The division is also working closely with law enforcement agencies to investigate any potential cases of fraud or misconduct.Investors in Alaska are urged to be vigilant and cautious when receiving investment advice. It is recommended to verify the registration status of any adviser before entrusting them with your money. The Division of Banking and Securities offers resources and tools for investors to check the registration status of investment advisers on their website.The crackdown on unregistered investment advisers underscores the importance of regulatory oversight in the financial industry. By enforcing registration requirements and taking action against those who operate outside the law, the Division of Banking and Securities aims to protect investors and maintain the integrity of Alaska's securities market.