Division of Banking and Securities Headlines SEC Charges Operators of Private Real Estate Fund with Scheme to Defraud Retail Investors Alaskan Wins $1000 Retirement Contribution in DASH for the STASH Contest Alaska Investors Advised to Approach Cryptocurrency with Caution State Attorneys General and State Mortgage Regulators Reach $45 Million Settlement with PHH Mortgage Corporation Guarding the Guardians: Red Flags of Guardian Financial Abuse Archived Headlines NEW! Updated Financial Institution regulations have been approved and are effective March 4, 2018 . Click here to view Financial Institution regulations under 3 AAC 01. New assessment fees are effective as of March 4, 2018. Program Overview The Division of Banking and Securities regulates state depository and non-depository financial institutions, administers and enforces Alaska’s financial services laws, and provides information to consumers, investors, entrepreneurs and the financial services industry. The division includes three sections that administer 12 statutory programs. In addition to licensing, examination and enforcement duties, division staff answer inquiries, investigate and resolve complaints, and contribute to education and outreach activities. Banking The Banking Section charters and examines state-chartered banks, bank holding companies, credit unions, trust companies, small loan companies, business and industrial development corporations (BIDCOs), payday lenders and premium finance companies. Consumer Finance The Consumer Finance Section registers, licenses, examines and investigates complaints regarding non-depository financial institutions, including mortgage brokers, lenders and originators, as well as money service businesses that are money transmitters (wiring of funds); issuers of traveler’s checks, money orders, or stored value cards; sellers or redeemers of traveler’s checks, money orders or stored value cards; and currency dealers or exchangers. Securities The Securities and Enforcement Section examines and registers securities, securities dealers and salespersons, investment advisers and their representatives; and is the repository for Alaska Native Claims Settlement Act (ANCSA) corporation proxy information. Together, the three sections enforce the financial services laws to protect consumers, preserve the integrity of the financial systems, enhance legitimate capital formation and deter financial fraud. Disclaimer: This site is provided as a public service for general informational purposes only; it does not attempt to address specific business transactions or legal disputes. This service is not intended to be legal advice, and should not be construed as a replacement for competent legal counsel.