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The Division of Securities exists to protect investors and maintain confidence in the securities market, while avoiding unreasonable burdens on the marketplace by licensing securities professionals, enforcing securities law violations, and helping Coloradans become more informed investors.



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November 10, 2023  - Denver District Attorney Beth McCann has announced that Steven Bachar, a disbarred attorney and the founder of Denver-based Empowerment Capital LLC, was sentenced today to three years in prison. Judge Eric Johnson also ordered Bachar to pay $182,000 in restitution. In September, Mr. Bachar pleaded guilty to one count of felony Theft.
October 16, 2023  - Colorado Division of Securities’ Notice of Fee Changes
DENVER, CO – September 1, 2023 - The Colorado Division of Securities (“Division”) is issuing this Adviser Alert to provide regulatory guidance to investment advisers who utilized TD Ameritrade (TDA) to custody clients’ assets. The conversion of TDA accounts to Charles Schwab & CO., Inc. (SCH) is scheduled to be completed by September 5, 2023, at which time TD Ameritrade will cease to exist.…