Press Release

Immediate Steps For Firms to Take Regarding TD Ameritrade Transition to Charles Schwab & CO, Inc.

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. Advisers who utilized TDA as their custodian need to decide immediately on whether to convert accounts to SCH or select an alternate custodian.

Adviser Alert – Inverse and Leveraged ETFs

The Colorado Division of Securities’ (“Division”) is issuing this Adviser Alert to bring attention to the risks of inverse and leveraged ETFs and the short-term and volatile nature of these complex products. 

Coloradan Daniel Todd Levine Arrested for Securities Fraud and Forgery

DENVER, CO – April 12, 2023  - Daniel Todd Levine was indicted on April 6, 2023 on 8 counts of securities fraud and 11 counts of forgery of check or commercial instruments. An arrest warrant was issued from the Denver District Court and Levine was arrested by Littleton law enforcement on April 12, 2023.

Alert - New Colorado Securities Rules Effective Today

March 30, 2023 --  The Colorado Division of Securities (“Division”) is providing notice that on March 30, 2023, new rules adopted by the Securities Commissioner have become effective. The Colorado Securities Act and rules can be found on the Division’s website at Statutes and Rules. The Statement and Basis of Purpose and a redlined copy of the rules can be found on the Division's website at Rule Making Notices and Opinions.

Colorado Division of Securities Joins $22.5 Million Multistate Securities Settlement Against Crypto Platform Nexo Capital

March 17, 2023 --  The Colorado Division of Securities has issued a consent order against Nexo Capital Inc. (Nexo), a Cayman Islands-based corporation that provides cryptocurrency-related financial services. The Division’s action is part of a nationwide settlement of alleged securities law violations by Nexo in connection with its Earn Interest Product (EIP) accounts. Nexo’s EIP promised to pay investors interest on cryptocurrency deposited into a Nexo “crypto interest account.”

Colorado Division of Securities Will Attend the Colorado Older Adult Financial Justice Symposium

March 15, 2023 -- The Colorado Division of Securities will host a booth at the Colorado Older Adult Financial Justice Symposium on March 15th, 2023 from 8:30 am- 4:00 pm at the Knoebel Institute for Healthy Aging at the University of Denver. The Division will be in-person to provide educational resources, as well as information about the ways the Division investigates securities fraud and refers cases for prosecution. We hope you will stop by if you are at the event.

Alert - Notice of Adoption of New and Amended Rules Under the Colorado Securities Act

February 14, 2023 -- The Colorado Division of Securities (the “Division”) would like to provide notice that on February 1, 2023, the Securities Commissioner adopted new and amended rules under the Colorado Securities Act.  Regulations that have been adopted, but are not yet effective, can be found on the Division's website at Rule Making Notices and Opinions.