SANTA FE – Two investment companies involved in the illegal buying of monthly pensions and disability payments from veterans and then selling them as investments to New Mexico residents have been ordered to stop the illegal scheme immediately, according to the State Regulation and Licensing Department’s Securities Division.

SANTA FE – New federal guidelines allow banks and other financial institutions to report any suspected elder financial abuse to authorities in an expeditious manner without obtaining prior approval from elderly victims to release their personal information to appropriate law enforcement agencies, the Securities Division of the State Regulation and Licensing Department announced today.