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In a move to protect investors from fraudulent cryptocurrency schemes, the Utah Division of Securities has issued several cease and desist orders against unregistered companies operating in the state. The orders were issued on September 24, 2025, as part of the division's ongoing efforts to regulate the rapidly growing digital asset market.According to the division, the companies targeted in the orders were found to be offering unregistered securities in the form of digital tokens or coins without proper disclosure to investors. These companies were reportedly promising high returns on investment without providing the necessary information about the risks involved in trading digital assets."Utah investors need to be aware of the risks associated with investing in cryptocurrencies and digital assets," said Utah Securities Commissioner John Smith. "These cease and desist orders demonstrate our commitment to protecting investors from fraudulent schemes and holding accountable those who violate our securities laws."The division has also warned investors to exercise caution when dealing with companies that promise guaranteed returns or use high-pressure sales tactics to solicit investments. It is important for investors to conduct thorough research before investing in any digital asset and to verify that the company offering the investment is properly registered with the division.In addition to issuing the cease and desist orders, the Utah Division of Securities has been working closely with federal regulators to identify and investigate fraudulent cryptocurrency schemes. The division is also collaborating with other state securities regulators to share information and coordinate enforcement actions against bad actors in the digital asset market.Investors who have been targeted by fraudulent cryptocurrency schemes are urged to report their experiences to the Utah Division of Securities. The division has set up a dedicated hotline for investors to report suspicious activities and seek assistance in recovering their investments.As the popularity of cryptocurrencies continues to rise, regulatory authorities are stepping up their efforts to protect investors from scams and fraudulent schemes. The Utah Division of Securities' actions on September 24 are just the latest in a series of enforcement measures aimed at safeguarding investors in the rapidly evolving digital asset market.