State RegulationsFL specificDifficulty 1/5
Which office investigates suspected securities fraud and violations of Florida securities law?
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Answer & full 3-part explanation (select an option above, or peek)
Why D is correct
The Office of Financial Regulation, through its securities division, investigates suspected securities fraud, unregistered securities offerings, and other violations of Florida securities law, and it may bring administrative actions or refer matters for prosecution. The DFS Division of Insurance Fraud handles insurance fraud, not securities fraud.
Why the other options are wrong
- A) The Division of Insurance Fraud addresses fraud against insurers and policyholders, not securities violations.
- B) OIR's market conduct work concerns insurers' treatment of insurance consumers, not securities fraud.
- C) The State Fire Marshal investigates fires and arson, not securities violations.
Memory hook
Securities fraud belongs to the OFR's securities division.