Linje Rivers - The Florida Office of Financial Regulation: The Bureau of Financial Investigators

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Linje Rivers - The Florida Office of Financial
Regulation The Bureau of Financial
Investigators
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The Florida Office of Financial Regulation (OFR)
is an organization that ensures the safety and
soundness of Floridas financial institutions.
Its job is to protect consumers and ensure that
all financial institutions, including branch
offices of out-of-state organizations, are in
compliance with state and federal law. The OFR
is comprised of three divisions and two bureaus,
each in charge of regulating a certain part of
the financial sector in the states. The Bureau of
Financial Investigators conducts investigations
aimed at bringing financial institutions
committing fraud and other crimes to justice.
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The Bureau of Financial Investigation is the
criminal justice arm of the OFR. With offices in
Tallahassee, Orlando, Tampa, West Palm Beach, and
Miami, it conducts complicated investigations on
financial institutions within the state, usually
involving securities or mortgage fraud.
Individuals can present their evidence of
mortgage of securities fraud to the Bureau and
the OFR. The OFR then determines enforcement
action. If an investigation of a financial
institution for mortgage fraud is accepted by the
OFR for administrative, civil, or criminal
prosecution, the Bureau lends support until the
case is resolved.
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Any individual who suspects mortgage or
securities fraud is encouraged to bring their
case before the Bureau of Financial Investigation
and the OFR. The OFR does not represent
individuals in private legal action, but it can
levy penalties to financial institutions for
improprieties. Linje Rivers is a Senior
Attorney for the OFR. He has worked on hundreds
of cases to determine if they require regulation
or not.
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