New Hampshire Securities Law News - New Hampshire Securities Commission Cracks Down on Unauthorized Investment Advisors

On September 7, 2025, the New Hampshire Securities Commission announced a series of enforcement actions against unauthorized investment advisors operating within the state. The move comes as part of the Commission's ongoing efforts to protect investors and maintain the integrity of the securities market in New Hampshire.According to a press release issued by the Commission, several individuals and firms were found to be offering investment advice and managing securities without the proper registration and licensing. These unauthorized advisors were found to be operating through various means, including online platforms and social media channels, targeting unsuspecting investors with promises of high returns and low risks.Commissioner John Smith stated, "The unauthorized offering of investment advice poses a significant risk to investors, as it often involves fraudulent or misleading practices that can result in significant financial losses. It is imperative that investors do their due diligence and only work with registered and licensed professionals to protect their investments."As part of the enforcement actions, the Commission issued cease and desist orders against the unauthorized advisors, prohibiting them from continuing their operations in New Hampshire. The individuals and firms were also fined for violating state securities laws and regulations.In addition to the enforcement actions, the Commission also urged investors to be cautious when seeking investment advice and to verify the credentials of any advisor they choose to work with. They recommended that investors only work with registered and licensed professionals who have a track record of success and compliance with securities regulations.The New Hampshire Securities Commission's crackdown on unauthorized investment advisors sends a strong message that the state takes investor protection seriously and will not tolerate fraudulent or deceptive practices in the securities market. Investors are encouraged to report any suspicious activities to the Commission to help protect themselves and others from falling victim to investment scams.

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