Consumer Alerts by California Department of Business Oversight
The California Department of Business Oversight (DBO) issues consumer alerts to inform the public about various financial products and services. These alerts provide crucial warnings about potential scams, fraud, and other risks that consumers may face in the marketplace. Each alert is designed to help individuals make informed decisions, protect their money, and understand their rights.
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465 Entities in Consumer Alerts by California Department of Business Oversight
| Entity Name | Entity Type | Effective Date | Status |
|---|---|---|---|
Fraudulent Company ‘Michael Investment LLC’ Not Licensed by DBO (05/24/2016) | Company | Jan 16, 2023 | inactive |
Entity fraudulently purporting to be “Pacific Premium Finance, Inc.” a licensed Premium Finance Company | Company | Oct 12, 2017 | inactive |
Unauthorized Website Posing as DBO Licensee Private Lending Direct LLC | Company | Nov 6, 2024 | inactive |
Tony Alin Trading Firm | Company | Dec 28, 2022 | inactive |
Michael Investment LLC | Company | May 24, 2016 | inactive |
Cryptocurrency broker Reliable Option Trade appears to be engaged in fraud against California consumers | Company | Dec 28, 2022 | inactive |
Dilong Trading Limited | Company | Dec 30, 2022 | active |
Tosal Markets Limited | Company | Dec 28, 2022 | active |
Cryptocurrency brokers Hekamenltd and Tosal Markets Limited appear to be engaged in fraud against California consumers | Company | Dec 28, 2022 | inactive |
Pacific Credit Union aka PCU Express of California LLC falsely claims to be DBO Licensee | Company | Sep 21, 2017 | inactive |
FAQs
Why is compliance with Consumer Alerts by California Department of Business Oversight necessary?
Compliance with consumer alerts issued by the California Department of Business Oversight is essential for several reasons. First, these alerts help protect consumers from potential scams and fraudulent activities. By staying informed, businesses can better safeguard their customers, which builds trust and enhances their reputation.
Second, following these alerts is vital for meeting legal requirements. The california department of business oversight monitors and regulates financial products and services, and adhering to their guidance is key to avoiding penalties or legal issues.
Which companies should comply with Consumer Alerts by California Department of Business Oversight?
Companies in finance, lending, insurance, and real estate must comply with consumer alerts. These alerts help protect consumers from misleading practices and potential scams. By adhering to these guidelines, businesses can build trust, enhance their reputation, and ensure they operate within state regulations. Compliance is essential for legal operations and customer satisfaction.
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