Licensing and Registration
The Securities Division oversees 75,000 broker-dealers, investment advisers and their representatives.
The Division has the authority to deny or revoke licenses for firms or individuals who have a record of securities law violations. Audits are conducted on a regular basis or in response to complaints. The disciplinary record of firms and individuals is available to any member of the public.
To check whether an individual is a licensed financial professional in New Mexico and whether he or she has been the subject of a past disciplinary action, in-state, call our toll-free number, 800-704-5533.
The Securities Division also registers certain investments offered in New Mexico. Registered offerings are reviewed to determine whether there is a fair allocation of risk between the investors and the promoters and to ensure that the offering documents adequately disclose the known risks of the investment. Not all investment offerings are required to be registered, however.
As of July 1, 2004, broker-dealers are no longer required to file annual financial reports with the Division.
