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Does licensure by the Division insure that a salesperson, dealer, investment advisor, or investment advisor representative is “legitimate”?

April 26, 2017advisor Dealer division insure Investment licensure representative salesperson

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Does licensure by the Division insure that a salesperson, dealer, investment advisor, or investment advisor representative is “legitimate”?

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Hopefully, but not necessarily. The Division performs a background check of license applicants to make sure that they are of “good business repute.” The Division also constantly investigates complaints against licensees and also performs regular examinations, and has the authority to revoke a license if improprieties or non-compliance with the Ohio Securities Act are proven.