In today's low interest rate
environment, customers may be baited by fraudsters promising higher
investment returns. These customers
may unwittingly withdraw funds from bank accounts to invest in
securities that turn out to be fraudulent.
Securities fraud is a felony.
The Office of Financial Institutions
(OFI) investigates complaints of securities fraud and works with law
enforcement authorities to prosecute individuals who commit these
If you suspect one of your customers has
fallen prey to securities fraud, we would encourage you to contact
OFI or refer your customer to our toll-free number at
In addition to our
investigative work, OFI seeks to educate the public on safe
investing through the work of our Investor Education Trainer Nancy
Ms. Boudreaux is available at no charge
to speak to groups throughout the state and can also educate your
staff on recognizing investment scams to help protect your
For additional information and
resources, please visit our Investor Education website at
OFI also provides background
checks (CRD Reports) on registered investment professionals to the
public at no charge. These background checks
include information on the individual's employment, education, and
any disciplinary issues. Please read the
OFI's brochure for details on registration requirements and how to
request a CRD Report from OFI.
Listed below are OFI staff members available to
help you fight investment fraud:
To request an investor education seminar:
Nancy Boudreaux, Investor Education
Advance booking is advised.
To request a CRD Report:
Len Riviere, Deputy Chief Examiner -
To file a complaint:
Frank Panepinto, Chief Investigator -
Thank you for your assistance in protecting
Louisiana citizens from investment fraud.