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DBO Warns Of False Flag Email

Impersonating government agencies and officials is nothing new.  The Financial Industry Regulatory Authority, Inc. (FINRA) issued this detailed warning of this practice in 2016.  Two years later, the Securities and Exchange Commission warned of calls from an imposter purporting to be to be a senior compliance officer.  Now, it seems that it is the California Department of Business Oversight's turn to sound the alarm.  

According to the DBO, several employees of its licensees have reported receiving suspicious emails with the return address of one of our examiners, Haben Hagos.  The emails contain a link to a website that may contain malicious software or attempt to steal login passwords from visitors.  These emails were sent by an individual outside the DBO and were crafted to appear to be legitimate emails from its examiner.

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About this Author

Keith Paul Bishop, Corporate Transactions Lawyer, finance securities attorney, Allen Matkins Law Firm

Keith Paul Bishop is a partner in Allen Matkins' Corporate and Securities practice group, and works out of the Orange County office. He represents clients in a wide range of corporate transactions, including public and private securities offerings of debt and equity, mergers and acquisitions, proxy contests and tender offers, corporate governance matters and federal and state securities laws (including the Sarbanes-Oxley Act of 2002 and the Dodd-Frank Act), investment adviser, financial services regulation, and California administrative law. He regularly advises clients...