Florida Office of Financial Regulation

Florida Office of Financial Regulation Wraps Up 2015 with Fast Facts


For Immediate Release                             
Wednesday, December 30, 2015
Contact: Jamie Mongiovi
(850) 410-9709
Katie Norris
(850) 410-9826
Florida Office of Financial Regulation Wraps Up 2015 with Fast Facts
Tallahassee, Fla. – The Florida Office of Financial Regulation (OFR) today released the third edition of its Fast Facts, providing a comprehensive overview of the agency’s responsibilities and successes in the 2014-15 Fiscal Year.
“Fast Facts highlights the Florida Office of Financial Regulation’s key functions and agency data, including successes, tips on financial fraud awareness and prevention,” said OFR Commissioner Drew J. Breakspear. “This booklet is a concise and handy resource, and we encourage consumers in Florida to take advantage of this free information.”
Highlights from the new Fast Facts include:
• The OFR has more than 415,000 licensed businesses and individuals under its jurisdiction in the banking, credit union, securities and consumer finance industries.

• As a result of the OFR Bureau of Financial Investigations’ efforts, 30 defendants were convicted and sentenced to 142 years in prison and 155 years of probation. The OFR continued its fraud fighting efforts in 2014-15, taking action against fraudsters who caused victims to lose more than $31.5 million.

• The OFR continues to monitor trends and emerging threats to Florida consumers. These top emerging investor threats include fraudulent high-yield investments, marijuana industry investments, stream-of-income investments, digital currency and cybersecurity.

To view or download a copy of Fast Facts, click here. Please email us if you or your organization would like to request printed copies.
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