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Can the Division recover money lost on an investment if there are criminal violations of the Ohio Securities Act?

April 26, 2017ACT criminal division Investment Lost money Ohio recover securities violations

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Can the Division recover money lost on an investment if there are criminal violations of the Ohio Securities Act?

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No. The Division does not have the authority to recover funds on behalf of investors, even if it is proven that a crime was committed. However, in the past, some courts hearing securities criminal trials have ordered that the defendants pay restitution to the victims.