12. True. Colorado's Division of Securities licenses and monitors securities dealers and investment brokers. Financial planners, bankers, insurance agents, and others who sell investment products are required to have securities licenses. The Division also works with District Attorneys and the Attorney General to investigate and prosecute securities fraud. Older adults who are concerned about any proposed investment opportunity are encouraged to call the Division of Securities at 303-894-2320 to determine the legitimacy and safety of the investment for your age group.