Fake Securities Regulator Used for Identity Theft, DOJ Says

April 23, 2020, 9:01 PM

The unknown individual masquerading as a securities regulator is using its website to collect personal information as part of an identity theft scheme, DOJ alleged Thursday in Texas federal district court.

The fictitious regulator calls itself the Board of Securities and Financial Services, but there’s “no federal or state regulatory entity known” by that name, according to a Justice Department civil complaint filed in the U.S. District Court for the Western District of Texas.

BSFS’s website claims it’s responsible for handling federal securities laws related to mergers and acquisitions, the complaint said. The website “invites investors to file complaints about ...

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