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On March 13, 2026, the Delaware Securities Board announced a crackdown on unregistered investment companies operating in the state. The board's enforcement actions come after receiving numerous complaints from investors who fell victim to fraudulent schemes.According to the Securities Board, several unregistered investment companies have been falsely promising high returns on investments with little to no risk. These companies have been targeting unsuspecting individuals, including retirees and inexperienced investors, in an attempt to swindle them out of their hard-earned money.In one case, a company operating under the name of "Elite Investment Solutions" was found to be soliciting investments without the proper registration with the Securities Board. The company had promised investors a guaranteed return of 20% within the first year, but many investors never saw a dime of their money again.The Securities Board is urging investors to exercise caution and do their due diligence before investing with any company. They recommend checking the registration status of the company with the board and verifying the legitimacy of the investment opportunity.In response to the crackdown, the Securities Board has already taken swift action against several unregistered investment companies. They have issued cease and desist orders, frozen assets, and launched investigations into the fraudulent activities of these companies.Delaware Secretary of State, who oversees the Securities Board, issued a statement warning investors to be vigilant and report any suspicious investment opportunities to the board. He emphasized the importance of only investing with registered and reputable firms to protect oneself from falling victim to financial fraud.The Securities Board's crackdown on unregistered investment companies sends a strong message to fraudulent actors that such behavior will not be tolerated in Delaware. Investors are encouraged to stay informed and educated on how to protect themselves from investment scams in order to safeguard their finances.