BROKER-DEALER OR INVESTMENT ADVISER COMPLAINT

The Division of Securities ("Division") is aware of your concerns regarding a licensed Broker-Dealer, Agent, or Investment Adviser. If you wish to file a complaint against an individual for violations of the securities laws, you must first complete a complaint form (available from the Division). Please attach any documents (i.e. photocopies of account statements, transaction confirmations, any correspondence or notes from conversations) that will help us better understand your complaint. If you have any questions about the complaint form or need assistance in completing the form, feel free to contact the Division at (801) 530-6600.

We know this matter is very important to you and that your complaint has been made in good faith. Disputes often arise in the sale of securities as a result of poor communication. Often these disputes can be resolved by frank and early discussion between you and the Investment Adviser's or Broker-Dealer's branch manager. In addition to filing a complaint with the Division, it is suggested that you contact the firm's branch manager to attempt to resolve the problem.

Following a review of your complaint, your case will either be retained for further investigation or referred to another agency for action. If further investigation is warranted, a member of our investigative staff will be assigned to the case who will contact you. However, if you receive additional information important to an understanding of your complaint, you should provide it to the Division as soon as possible.

This agency is responsible for the administration and enforcement of the Utah Uniform Securities Act ("Act"). The Division is not authorized to bring a civil action on your behalf or recover any funds which may have been lost. Furthermore, the Division is prohibited from acting as your attorney or providing legal advice. Any person who has lost money as the result of an unlawful securities transaction should consider contacting a private attorney about the possibility of arbitration or a lawsuit to recover lost funds. These rights are limited in time, and any action by the Utah Division of Securities will not toll the statute of limitations. If you have not already done so, you should contact your private attorney immediately to determine your rights.

You may download the Complaint Form in the following formats (PDF)  (WordPerfect) (MS Word).