Investor Alert Warns of Impersonation Scams Targeting Investors

The Alabama Securities Commission published an investor alert on December 22, 2025, addressing impersonation scams targeting investors. The alert links to a NASAA Investor Advisory containing guidance on identifying and avoiding fraud schemes where individuals impersonate legitimate financial professionals. The document serves as a consumer protection resource from the state securities regulator.\n\nAffected parties—including individual investors and financial professionals—should review the linked NASAA advisory for guidance on recognizing red flags of impersonation scams. Financial advisers may consider proactively warning clients about these fraud tactics. The alert does not impose new compliance obligations but serves as an informational resource to help prevent investor harm.