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On August 3, 2025, the Connecticut Department of Financial Services (DFS) issued a warning to investors about an unregistered investment firm operating in the state. The firm, which goes by the name "Berkshire Investments," has been soliciting investments from Connecticut residents without the necessary licenses and registrations.According to the DFS, Berkshire Investments has been actively targeting investors through online advertisements and cold-calling campaigns. The firm promises high returns on investments in various financial products, including stocks, bonds, and mutual funds. However, the DFS has discovered that Berkshire Investments is not registered with the Securities and Exchange Commission (SEC) or the Connecticut Department of Financial Services, making it illegal for them to offer investment services to residents of the state.In response to the warning, the DFS has urged investors to exercise caution when dealing with unregistered investment firms. They have advised investors to always verify the registration status of an investment firm before handing over any money or personal information. The DFS has also warned that unregistered firms are not subject to the same level of oversight and regulation as registered firms, which increases the risk of fraud and misconduct.In a statement, DFS Commissioner Jane Doe emphasized the importance of conducting due diligence before investing with any firm. "Investors should always research the background and registration status of an investment firm before making any decisions," said Commissioner Doe. "Unregistered firms may not have the necessary qualifications or oversight to protect investors' interests, so it is crucial to be vigilant and thorough in your investment decisions."The DFS has also urged anyone who has been approached by Berkshire Investments or any other unregistered firm to report them to the department immediately. They have reminded investors that they can verify the registration status of an investment firm by visiting the SEC's website or contacting the DFS directly.In light of this warning, Connecticut investors are advised to be cautious and to seek advice from a qualified financial advisor before making any investment decisions. The DFS will continue to monitor the activities of Berkshire Investments and other unregistered firms to protect investors from potential harm.