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On April 12, 2026, the Maryland Securities Commission announced that it had taken action against an unregistered investment firm operating within the state. The firm, which was not named in the announcement, was found to be soliciting investments from Maryland residents without the proper registration and oversight required by state law.According to the commission, the firm had been offering investment opportunities in various industries, promising high returns and low risk to investors. However, upon further investigation, it was discovered that the firm was not licensed to sell securities in Maryland, nor was it registered with the commission as required by state law.In response to these findings, the commission issued a cease and desist order against the firm, prohibiting it from soliciting investments in the state until it obtains the necessary registration and licensure. The commission also warned Maryland residents to exercise caution when considering investment opportunities, especially those offered by firms that are not properly registered and regulated.Maryland Securities Commissioner, Sarah Thompson, emphasized the importance of conducting thorough due diligence before investing in any opportunity. She advised investors to verify the registration status of any firm offering investments and to report any suspicious or fraudulent activity to the commission.The commission also reminded investors that they may be eligible for compensation through the Maryland Securities Guaranty Fund if they suffer financial losses due to securities fraud or misconduct. The fund is designed to protect investors and provide recourse in cases of fraud or malpractice within the securities industry.The Maryland Securities Commission urged residents to contact their office with any concerns or questions regarding investment opportunities or the regulation of securities within the state. They emphasized their commitment to protecting investors and maintaining the integrity of the securities market in Maryland.