The Kentucky Department of Financial Institutions (DFI) is the state agency responsible for the supervision of the financial services industry and for chartering, licensing and registering various financial institutions, securities firms and professionals operating in Kentucky. In order to accomplish its mission, DFI conducts examinations on state-regulated financial industries through its
Division of Depository Institutions,
Division of Nondepository Institutions and
Division of Securities.
DFI also provides educational materials and outreach to protect consumers from financial fraud. DFI assists the industry and public through the investigation of complaints filed with the office. If you have a question or need to file a complaint, DFI is here to help.
The DFI website has been redone for improved content and navigation. You will find all the useful information from the previous site, as well as some new pages. Everything you need can be found using the yellow ribbon across the top of the page. In particular:
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| 3/14/2013 | DFI Orders Profitable Sunrise to Stop Selling Investments in Kentucky | Today the Kentucky Department of Financial Institutions (DFI) issued an emergency cease and desist order against an international company called Profitable Sunrise and its operators. DFI alleges that the company's investment products and people selling them are not registered in Kentucky, and that the operators committed fraud for omitting or misrepresenting facts on the company’s website. Read DFI's press release and order. | | 2/27/2013 | The Savvy Senior | Check out DFI's newest publication, " The Savvy Senior.pdf," and read about how to recognize investment fraud and avoid becoming a victim. | | 2/27/2013 | Kentucky Saves Week | | | 11/2/2012 | Morgan Keegan States’ Fund settlement checks to be distributed Nov. 5 |
The state securities regulators from Alabama, Kentucky, Mississippi, South Carolina and Tennessee are notifying investors entitled to reimbursement from the recent Morgan Keegan settlement that their States’ Fund distribution checks will be mailed Nov. 5. A.B. Data Ltd., as the Fund Administrator, will be mailing checks to all investors who filed an approved eligible claim within the claim filing period. This will include 1,930 checks totaling $4,663,240 to Kentuckians. To learn more, read the press release. | | 9/10/2012 | Owensboro Senior Scam Jam | |
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Mission Statement
DFI's mission is to serve Kentucky residents and protect their financial interests by maintaining a stable financial industry, continuing effective and efficient regulatory oversight, promoting consumer confidence and encouraging economic opportunities.
Putting the Mission to Work
In fulfilling its mission, DFI is dedicated to serving the suppliers, as well as the users, of financial services and to assuring a stable market which brings the two together.
DFI also works to promote economic growth through increased capital, whether by initial capitalization of private investors or retained earnings, and by flexible policies, laws and regulations that provide for competition within the industries.
Primarily through the examination process, DFI determines if Kentucky's state-regulated financial institutions and securities entities are exercising safe and sound practices and/or complying with applicable laws and regulations. Depository institutions are evaluated in the areas of management, quality of assets, capital adequacy, earnings and liquidity and are checked for compliance with laws and regulations. Securities entity and non-depository institution examinations are focused primarily on regulatory compliance and consumer protection issues.
DFI's long and continuing tradition of public service is supported and sustained by a highly skilled and diverse workforce that responds rapidly to changes in the financial environment.