State licensed investment advisor representatives had an 11 percent increase in enforcement actions against them in 2013 to 176 while advisory firms saw a 4 percent decline to 177, the North American Securities Administrators Association reported Tuesday.

At the same time, enforcement matters against broker dealer sales representatives soared 89 percent to 357 and those against brokerage firms were down 3 percent to 219.

The majority of cases involving advisors and broker-dealers involved unregistered individuals selling unregistered securities.

Bitcoins and medical marijuana scams were cited among the hottest new fraud trends.

For the first time, the state offices listed crowdfunding among their top concerns.

Unregistered securities, in the form of promissory notes, private offerings or investment contacts, outnumbered traditional securities in elder financial abuse enforcement by four to one.