Regulatory Activity

As part of its responsibility, the Virginia Division of Securities and Retail Franchising answers inquiries, provides investor education programs, handles complaints, performs audits, and conducts investigations regarding code violations relating to securities and retail franchising.

Investigations are, by law, confidential unless and until formal action by the Commission is undertaken. The list below includes cases for which the SCC issued a Rule to Show Cause (a request for an explanation as to why certain activity should not be considered a violation of rules or laws); Settlement Orders, which are Commission orders - acknowledged by a regulated company or individual - alleging that penalties are warranted for certain activity; and Consent Orders, in which a company or individual agrees to certain findings and conditions which become legally binding. These Orders may or may not include any admission of wrongdoing.

This information is just a portion of what consumers should consider when assessing the credibility of investment or franchise offerings.