Florida Office of Financial Regulation

Florida Office of Financial Regulation Releases Annual Fast Facts

01/10/2017

For Immediate Release                               
January 10, 2017
 
Media Contacts:
Jamie Mongiovi (850) 410-9709
Katie Norris (850) 410-9826
Twitter: @FlFinancialReg
                                        
 
Florida Office of Financial Regulation Releases Annual Fast Facts
 
Tallahassee, Fla. – The Florida Office of Financial Regulation (OFR) today released the fourth edition of its annual Fast Facts, providing consumers and industry groups a broad overview of the agency’s duties and achievements in the 2015-16 Fiscal Year.  
 
Commissioner Drew J. Breakspear said, “Our annual Fast Facts highlights the agency’s key functions and successes in a handy, pocket-sized booklet. The Fast Facts is a valuable consumer education tool that can help Floridians learn more about what we do and how we can help them. We are proud of the good work done by our licensing, examination, consumer resources and investigative staff in protecting consumers and helping the financial services industry thrive.”
 
Highlights from the new Fast Facts include:
• Licenses under regulation by the OFR have increased 3.8 percent in the past year and have increased 16 percent in the last five years. The OFR now oversees more than 430,000 licensed businesses, locations and professionals in the banking, securities and consumer finance industries.
• In Fiscal Year 2015-16, the OFR answered more than 35,000 consumer phone calls in an average time of 34 seconds. This is one of the fastest response times in Florida government.
• The OFR continues to track emerging trends and potential threats to Floridians, including unregistered sales persons or products, pyramid and other Ponzi schemes, fraudulent high-yield investments, marijuana industry investments and stream-of-income investments.
 
View and download an electronic copy of the Fast Facts at http://www.flofr.com/StaticPages/documents/FastFacts.pdf.
 
Email OFR-CommunicationsOffice@flofr.com to request printed copies. 
 
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