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New York State

These resources – like the public health crisis itself – are constantly evolving and are only current as to the date of publication. This page was last updated on July 20, 2020.

We recommend that you monitor this site, as well as the sites referenced in these resources, for updates and changes as we expect the situation and solutions to change over the coming weeks and months. For information on specific programs, we encourage you to visit the websites of the organizations or government entities that are responsible for the relief.

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Description of Program and Relief

Investment Scams Related to COVID-19

Scammers may seek to capitalize on the fear created by COVID-19 to offer bogus “get rich quick” investment schemes, including for unproven treatments or vaccines for COVID-19.

The New York Attorney General has announced an initiative to investigate suspected fraud relating to the offer, sale or purchase of securities, including stock, bonds, and many other types of investments in schemes related to COVID-19.

Government or Lead Agency

New York State Attorney General

Dates Available

March 12, 2020, continuing indefinitely.

Eligibility Requirements/Restrictions

Any individual investor in New York who is aware of or suspects securities fraud or wrongdoing relating to COVID-19 may submit a complaint. Applicants must provide copies of all supporting materials relating to their claim.

Contact for More Information

NYAG Consumer Hotline: 1 (800) 771-775

For hearing impaired: 1 (800) 788-9898

List of Additional Information

Additional information may be found on the NYAG’s website here: https://ag.ny.gov/pressrelease/2020/attorney-general-james-takes-action-against-coronavirus-health-scams-issues

The Complaint Form

The NYAG’s Investor Protection Bureau Complaint Form is available here: https://ag.ny.gov/investorprotection-bureau-complaint-form


© 2021 Paul, Weiss, Rifkind, Wharton & Garrison LLP. This does not constitute legal advice and does not create an attorney-client relationship. In some jurisdictions, this publication may be considered attorney advertising. Past representations are no guarantee of future outcomes.

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