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On May 12, 2026, the Oregon Securities Division announced a major crackdown on unregistered investment firms operating in the state. The move comes after a series of complaints from investors who lost substantial amounts of money to fraudulent schemes.According to the Securities Division, several unregistered firms have been offering investment opportunities to Oregon residents without proper licensing or authorization. These firms often promise high returns with minimal risk, enticing unsuspecting investors to hand over their money.In one notable case, a firm calling itself "Oregon Wealth Management" was found to be operating without a valid license. The firm had been soliciting investments from residents across the state, promising guaranteed returns of up to 20% annually. However, when investors attempted to withdraw their funds, they discovered that the firm had disappeared without a trace.Officials from the Securities Division have urged investors to exercise caution when considering investment opportunities and to always verify the legitimacy of a firm before handing over any money. They have also warned that investing with unregistered firms can be extremely risky, as there is no oversight or protection for investors in case of fraud or misconduct.As part of the crackdown, the Securities Division has initiated investigations into several unregistered firms and individuals suspected of violating securities laws. These investigations are intended to hold accountable those who seek to take advantage of Oregon residents for their own financial gain.In a statement, Oregon Securities Administrator Maria Rodriguez emphasized the Division's commitment to protecting investors and maintaining the integrity of the state's securities market. "We will not tolerate fraudulent or deceptive practices in our state," Rodriguez said. "We will continue to vigilantly monitor and enforce the laws that help ensure that investors are protected and that our markets remain fair and transparent."Investors who have concerns about the legitimacy of a firm or individual offering investment opportunities are encouraged to contact the Oregon Securities Division for assistance. The Division maintains a database of registered investment firms and professionals, which can be accessed online for verification purposes.