OFR News

08/30/2018

Tallahassee, Fla. – Individual retirement accounts (IRAs) are an important piece of your retirement planning. Self-directed IRAs have become a popular choice for those looking to supplement their nest egg. While most IRAs invest your money in stocks, bonds, mutual funds, etc., which are registered with regulatory organizations, a self-directed IRA allows the owner more control over where the money is invested, including unregistered investments.

08/23/2018

Tallahassee, Fla. – The Florida Office of Financial Regulation today announced the sentencing of Angela Monaco (more than six years), Pasquale Rubbo (more than eight years) and Steven Dykes (nine years) to prison after pleading guilty to charges of conspiracy to defraud and money laundering. Previously sentenced to prison were co-defendants Joseph Rubbo (five years) and Nicholas Rubbo (four years) after pleading guilty to conspiracy to defraud. All defendants were also ordered to serve three years of...

08/18/2018

Tallahassee, Fla. – Buying a new or used vehicle is exciting, and it can be easy to get swept up by a persuasive salesperson. The Florida Office of Financial Regulation (OFR) oversees motor vehicle retail installment sellers. The license authorizes its holder to offer installment payments to its customers, for the sale of motor vehicles to retail buyers. This license is required by firms that sell and finance vehicles, such as automobiles, trucks, trailers, RV's, motorcycles, and mobile homes.