NASAA Investigators Identify 91 Alleged COVID-Related Investment Scams

More than 100 investigators on the North American Securities Administrators Association (NASAA) COVID-19 Enforcement Task Force have identified 91 alleged COVID-19 related investment schemes since the task force was formed in April.

According to Joe Rotunda, the Director of Enforcement for the Texas State Securities Board and vice chair of NASAA’s Enforcement Section, “Based on the pitches investigators have seen, suspects appear to be targeting seniors and individuals with portfolios that are losing or have lost value due to current economic conditions.”