COVID-19 Information

The Colorado Division of Securities, part of the Department of Regulatory Agencies (DORA), is warning the public that there has been an increase in investment schemes luring people to invest based on false promises that a company has produced an effective vaccine or treatment for COVID-19. Other scams include solicitations for investments in companies falsely promising to make a profit on N95 masks, other scarce medical protective equipment, ventilators, and test kits. These companies often promise big returns.

The Colorado Division of Securities (the “Division”) within the Department of Regulatory Agencies (DORA) is providing guidance to State-licensed Investment Advisers (Advisers) who received or are considering applying for a forgivable loan under the Paycheck Protection Program (PPP).

Regarding the ongoing developments related to the coronavirus (COVID-19) situation, I want to make you aware of what steps the Colorado Division of Securities is taking to keep our staff and our stakeholders as safe as possible.

In light of the disruptions caused by COVID-19 and dislocations affecting broker-dealers, state registered investment advisers, federal covered investment advisers, and their registered agents or representatives (collectively “financial professionals”), the Division of Securities has issued a temporary order providing relief for registrants.