AL Securities Commission Press Room

Montgomery Man Sentenced for Securities Fraud

The Alabama Securities Commission announces that a Montgomery man has been sentenced for securities fraud. The sentencing represents an enforcement action by the state securities regulator in coordination with state courts to hold individuals accountable for violations of Alabama securities laws.

Alabama Consumer Protection Bill for Cryptocurrency Kiosk Fraud

A proposed bill has been introduced in the Alabama Legislature to protect consumers from cryptocurrency kiosk fraud. The Alabama Securities Commission announced the proposed legislation, which targets fraudulent practices involving cryptocurrency kiosks. The bill would establish new consumer protection requirements for cryptocurrency kiosk operators in Alabama.

Romance Scammers Target Alabama Hearts, Wallets

The Alabama Securities Commission issued a consumer alert warning Alabamians about romance scammers who use online relationships to exploit victims emotionally and financially. The alert advises consumers to verify identities, avoid sending money to unknown parties, and be cautious of investment opportunities presented through dating platforms or social media. No new compliance obligations or deadlines are imposed.

Investor Alert Warns of Impersonation Scams Targeting Investors

The Alabama Securities Commission issued an investor alert on December 22, 2025, warning investors about impersonation scams. The alert references a NASAA (North American Securities Administrators Association) Investor Advisory document providing guidance on recognizing and avoiding fraud schemes where bad actors impersonate legitimate financial professionals to deceive investors.

Alabama Lawmakers Advance Financial Innovation Market Expansion Act

Alabama lawmakers have advanced the Financial Innovation Market Expansion Act in the state legislature. The bill, announced by the Alabama Securities Commission on March 4, 2026, would modify securities regulations to accommodate financial innovation in the state. The legislation is currently pending enactment.