The Idaho Department of Finance (IDOF) announced today it has issued a consent order against, Nexo Capital Inc. (Nexo). Nexo is a Cayman Islands corporation formed in 2018 that provides cryptocurrency-related financial services. The IDOF’s action is part of a nationwide settlement of alleged securities law violations by Nexo in connection with its Earn Interest Product (EIP) accounts….

Patricia Perkins, Director of the Idaho Department of Finance, today announced the approval of a new
trust charter for Idaho Trust Company, a wholly owned subsidiary of Idaho Trust Bancorp.

On September 22, 2023, Ada County District Judge Lynn Norton issued a Decision on Judicial Review (Decision) that AFFIRMED all aspects of the final order issued by the Director of the Department of Finance against Wall & Associates, Inc. (Wall), a Virginia corporation.

The Idaho Department of Finance (IDOF) urges Idaho consumers to exercise heightened caution when purchasing cars, recreational vehicles, farm equipment, and other high-dollar items online. IDOF recently received several reports from victims of online purchase scams that risked losing thousands of dollars due to being lured into purchasing from a phony website or fake ads in various online marketplaces.