In a bid to protect investors from potential scams and fraudulent activities, Rhode Island securities regulators have recently intensified their efforts to crack down on unregistered investment schemes operating within the state. The move comes in response to a growing number of complaints from investors who have fallen victim to unscrupulous individuals and organizations promising high returns on investment with little to no risk.According to officials from the Rhode Island Department of Business Regulation's Securities Division, the agency has identified several unregistered investment schemes that have been soliciting funds from unsuspecting investors without proper authorization. These schemes often use misleading or false information to lure investors into parting with their hard-earned money, only to disappear once they have collected enough funds.One such scheme that has caught the attention of regulators is a company that claims to offer lucrative investment opportunities in the real estate market. The company promises investors guaranteed returns of up to 20% within a matter of months, with minimal risk involved. However, upon further investigation, regulators found that the company was not registered with the state and had no valid license to offer investment services.In response to these findings, Rhode Island securities regulators have issued cease-and-desist orders against the company, ordering them to immediately stop soliciting funds from investors and cease all operations until they are properly registered and authorized to do business in the state. Additionally, regulators have warned investors to exercise caution when approached by any investment opportunity that seems too good to be true, as it may be a scam in disguise.Investors who believe they may have been victimized by an unregistered investment scheme are urged to contact the Rhode Island Department of Business Regulation's Securities Division to file a formal complaint and seek assistance in recouping their losses. The agency is committed to taking swift and decisive action against individuals and organizations that seek to defraud investors and undermine the integrity of the state's securities markets.Overall, Rhode Island securities regulators are sending a clear message to would-be scammers that they will not tolerate fraudulent activities within the state and will continue to actively pursue and prosecute those who seek to exploit unsuspecting investors. By staying vigilant and informed, investors can protect themselves from falling prey to unregistered investment schemes and safeguard their financial well-being.