Form 08-115a - Complaint Form - State Of Alaska Division Of Banking And Securities

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Background Information Regarding Securities Complaints
The offer, sale, and purchase of securities are subject to a very complex system of regulation carried
out by federal, state, and self-regulatory agencies.
State Authority
The Alaska Division of Banking and Securities administers Alaska's securities laws, which are located
in Title 45, Chapter 55, of Alaska Statutes. The intent of these laws is to protect the investing public
by the regulation of both securities professionals and the securities themselves. The focus of a
Division investigation is regulatory in nature and is designed primarily to locate and stop violations of
state statutes and regulations.
Federal Authority
As to some matters, the U.S. Securities and Exchange Commission (SEC) and the states both have
authority to regulate the industry and, in other matters, each has exclusive authority. For example, the
states, the SEC, and the Financial Industry Regulatory Authority (FINRA), the self-regulatory agency
for securities firms, all have authority to take action against a broker-dealer.
State Remedies
The Division cannot represent an investor in a claim for monetary damages. The staff can investigate
alleged violations and may suspend or revoke licenses, issue stop orders against securities offerings,
issue cease-and-desist orders, seek court-ordered injunctions or receiverships, impose penalties, or
refer matters to an appropriate district attorney for criminal prosecution. You are encouraged to
consider other additional forums if you are seeking to recover money or securities.
Investor Remedies
As the purchaser of a security, you have additional individual rights to relief when state or federal laws
are violated by the seller. For this reason, we encourage each investor who has grounds to file a
securities complaint to consult an attorney and to pursue your independent claims for monetary relief.
Act promptly, because by law you may only have a limited time to take legal action.
Need for Filing Complaint with the Division
You should always file your complaint with the Division, even when you are pursuing your rights in
another forum. The Division relies upon complaints received from investors to ensure that securities
professionals are complying with the registration laws and to locate and stop investment fraud.
Other Forums for Complaint
The SEC, as the federal regulatory agency for the securities industry, accepts complaints, which then
may provide grounds for regulatory action against a violator of the federal securities laws. The same
is true of FINRA. Complaints can be filed with the SEC at http: and
with FINRA at
Form 08-115A
Form date (05-2012)

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