On February 19, 2026, the Minnesota Department of Commerce issued a statement announcing a major crackdown on fraudulent investment schemes in the state. The move comes after a series of complaints and reports of investment fraud targeting unsuspecting investors in Minnesota.According to the Department of Commerce, several unregistered investment advisors and brokers have been operating in the state, promising high returns on investment without proper licensure or oversight. These individuals have been targeting vulnerable populations, including seniors and low-income individuals, and convincing them to invest their savings in questionable ventures.In response to these reports, the Department of Commerce has launched a coordinated effort to identify and prosecute individuals involved in fraudulent investment schemes. This includes conducting thorough investigations, working with law enforcement agencies, and reaching out to potential victims to provide support and guidance.Commissioner of the Minnesota Department of Commerce, Jane Doe, issued a statement urging investors to be cautious and to thoroughly research any potential investment opportunities before making a decision. She emphasized the importance of working with registered investment advisors and brokers who are held to high regulatory standards and can provide sound financial advice.The Department of Commerce also announced that they will be holding a series of public forums and educational events to raise awareness about investment fraud and help investors protect themselves from falling victim to scams. They encourage anyone who has been approached by an unregistered investment advisor or broker to report it immediately to the department.This crackdown on fraudulent investment schemes underscores the importance of vigilance and due diligence when it comes to investing. The Department of Commerce is committed to ensuring the safety and security of Minnesota investors and will continue to take aggressive action against those who seek to exploit them for personal gain.