NM Securities Division Warns Public About Halloween Fraud
Summary
The New Mexico Securities Division issued an alert warning consumers about AI-powered investment scams involving deepfakes, cryptocurrency payment requests, and impersonation of government officials or financial experts. The alert provides six fraud prevention tips and contact information for reporting suspicious activity. No new compliance obligations are imposed on regulated entities.
What changed
The NM Securities Division published an alert on October 30, 2025, warning consumers about sophisticated investment scams using AI-generated deepfakes, cryptocurrency payment demands, and impersonation of trusted individuals or organizations. The alert describes how scammers create fake videos, clone voices, and spoof caller IDs. The alert does not create new compliance obligations for regulated entities.
Consumers are advised to verify investment professionals through FINRA BrokerCheck, avoid cryptocurrency payments for fines or fees, hang up and call back organizations using independently researched numbers, and report suspicious activity to the Securities Division at 505-476-4580 or via the division's website.
Archived snapshot
Apr 16, 2026GovPing captured this document from the original source. If the source has since changed or been removed, this is the text as it existed at that time.
Scammers offer tricks, not treats, this Halloween
Scammers offer tricks, not treats, this Halloween
State regulator shares tips for fraud prevention
SANTA FE – The New Mexico Securities Division is warning the public not to be fooled this Halloween by deceptive digital content and to stay alert for scammers masquerading as government officials, law enforcement, or financial experts.
Using AI, fraudsters can create convincing fake videos, clone voices, and impersonate trusted individuals or organizations, tricking victims into sharing personal information, transferring money, or granting remote access to devices.
Equally concerning are reports of payments of fines and fees being requested in the form of cryptocurrency, or offers to send couriers to pick up cash. No legitimate agency will make these requests or offers.
“We’re seeing a rapid evolution of digitally created content being used in investment scams that can trick even the most well-versed investor,” said Benjamin Schrope, acting director of the New Mexico Securities Division. “We want to encourage New Mexicans to take proactive steps to avoid becoming a victim of financial scams.”
Here’s how to protect yourself:
- Be skeptical of unsolicited offers: Scammers often use social media or messaging apps to lure victims.
- Don’t rush: High-pressure tactics are a red flag. Do your due diligence by thoroughly researching both the investment offer and the person selling it.
- Hang up and call back: Scammers can spoof caller IDs to look like a legitimate organization. Hang up the phone and call the organization back using a phone number you researched.
- Inspect apps and websites closely: Scammers can create fakes websites and apps to look like legitimate investment platforms.
- Verify before you invest: Check the registration of investment professionals and firms at https://brokercheck.finra.org/.
- Report suspicious activity: Contact the Securities Division at 505-476-4580 or visit www.rld.nm.gov/securities-division/ to file a complaint.
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