Happy 2025, As we close the chapter on 2024, I want to take a moment to share with you some the remarkable accomplishments the Utah Department of Commerce achieved last past year. The department has undergone a transformative year of growth, innovation, and recognition. Here’s a comprehensive look at the year’s key highlights: Artificial Intelligence Advancements Establishing the Office of …
December 23, 2024 — Salt Lake City, UT The Utah Department of Commerce’s Division of Securities (Division) is pleased to announce that an additional $5.9 million has been distributed to victims of the Rust Rare Coins Ponzi scheme, as directed by the court-appointed receiver, Jonathan O. Hafen. This latest distribution brings the total restitution to nearly $30 million for those …
December 23, 2024 — Salt Lake City, UT – The Utah Department of Commerce’s Division of Securities (Division) is pleased to announce that an additional $5.9 million has been distributed to victims of the Rust Rare Coins Ponzi scheme, as directed by the court-appointed receiver, Jonathan O. Hafen. This latest distribution brings the total restitution to nearly $30 million for …
Happy Autumn, Over the past month, we have dedicated significant time to enhancing technology to improve customer experience and strengthen Utahns’ trust in the tech industry. I was recently named one of Utah Business’s Most Influential Women, a 2024 Women Tech Council’s Women Tech Award finalist, and the Utah State Bar’s Cyber Pioneer Award recipient. While I was proud to …
Happy September, Reflecting on the past month, I am proud of the Utah Department of Commerce’s work to enhance customer service and safeguard Utahns against deceptive companies. First, our Division of Corporations team successfully rolled out its new online business registration system through Civix. This initiative was a major undertaking for our team. We are thrilled to report that we …
Happy August, At Commerce, our mission of Strengthening Trust in Utah’s Commercial Activities is defined by our dedication to serving Utah with excellence. Enhancing customer service is at the heart of what we do. That is why we’re working with every division to improve the user experience. You may have already noticed some web updates, including how you log into …
Recently signed SB 16 creates a robust review process for all state-issued licenses. SALT LAKE CITY – Amid growing labor shortages, a new government office has been formed to find ways to make it easier for Utahns to practice their chosen career without compromising the appropriate need for public safeguards. In Utah, approximately 25% of working professions require a state …
Note: Andrew Choate with the U.S. Attorney’s Office is also available for information on this case. He can be reached at (801) 325-1423. SALT LAKE CITY, Utah (Mar 8, 2022) – Utah business owner Gaylen Rust will serve 19 years in federal prison for running a $200 million, multi state Ponzi scheme. A U.S. District Court Judge sentenced Rust on …
Real Estate Investment Coaching Operation Promoted by TV House Flipping Celebrities Settles with the FTC and Utah Division of Consumer Protection The operators of a massive real estate investment coaching scheme face permanent bans and will pay approximately $12 million for consumer redress as part of a settlement in a lawsuit filed by the Federal Trade Commission and the Utah …
[Salt Lake City] – Governor Spencer Cox has proposed a new Systemic Licensure Review Process after receiving agency reports to his first Executive Order addressing occupational licensing. This new process will ensure that Utah’s license reform efforts continue long after the executive order. “Regulatory creep is real. Regulations exist to protect the health and safety of Utah residents, but tend …
