[Salt Lake City] — The Utah Department of Commerce today announced a settlement involving disciplinary action against Bruce Armstrong, a licensed real estate principal broker, for taking tens of thousands of dollars from trust funds he held on behalf of his clients. “Mr. Armstrong’s mismanagement of his brokerage trust accounts violated the most basic statutes and rules for licensed principal …
Utah Department of Commerce and Investment Industry Collaborate to Halt Fraud Targeting a Vulnerable Adult
[Salt Lake City] — The Utah Department of Commerce’s Division of Securities, with help from an alert securities professional, recently halted an investment scam against a vulnerable adult. The quick action by private and public sector professionals prevented the loss of $50,000. “Sadly, much of our enforcement activity comes after investors’ money is lost,” said Chris Parker, Executive Director at …
Defendant Charged in Connection with Fraudulent Silver Trading Program Pleads Guilty to Money Laundering
SALT LAKE CITY – Denise Gunderson Rust, one of three individuals charged in connection with an alleged scheme to defraud investors by inducing them to purchase investments in a fraudulent silver trading program, pleaded guilty to money laundering in federal court late last week. Gaylen Rust owned and managed Rust Rare Coin, Inc. (RRC), R Legacy Entertainment LLC, R. Legacy …
“Elder Abuse Awareness Day” Highlights Investment Fraud Risk for Seniors Due To COVID-19 Isolation
[Salt Lake City] — On World Elder Abuse Awareness Day, the Utah Department of Commerce urges Utahns to be alert to the dangers to seniors from investment fraud during the COVID-19 pandemic. “Utahns look out for one another. We care for those in need in our communities.” said Chris Parker, Executive Director of the Department of Commerce. “Today is a …
Department of Commerce Warns Consumers About Coronavirus and Stimulus Scams, and Unveils Fraud-Fighting Website
(For immediate release) SALT LAKE CITY, Utah – With economic relief payments, expanded unemployment benefits, loan programs, and other COVID-19-related initiatives, the Utah Department of Commerce is warning consumers to continue to be on the lookout for scams related to COVID-19, including stimulus and other government programs. To help consumers spot scams, the Department launched a new website today, targeted …
COVID-19 Business Manual: Responding to COVID-19 In Your Business
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COVID-19 Manual de Pautas para Negocios
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Commerce Issues Administrative Order on Hearings
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Review the State of Utah’s Coronavirus Response Plan
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Division of Securities Urges Caution as Scammers Target Investors with COVID-19 Schemes
(For immediate release) SALT LAKE CITY, Utah – Amid the ongoing COVID-19 pandemic, the Utah Department of Commerce is alerting investors to be on guard against an anticipated surge of fraudulent investment schemes. “Extraordinary measures are being taken to protect the health of the public. The public response to a difficult situation is encouraging,” said Chris Parker, Interim Executive Director …
