Mar 26, 2025 | broker-dealer | Bureau of Securities | Division of Consumer Affairs | Elderly and Other Vulnerable Adults | Electronic Reporting System | Financial Exploitation | financial professionals | financial security | investment adviser | NJ Law | Online Portal | Reporting Suspected Financial Abuse | SAFE Portal | Safeguarding Against Financial Exploitation (SAFE) Act | Suspected Abuse | Bureau of Securities | Division of Consumer Affairs | Press Release | Protecting New Jersey Consumers
Expanding their efforts to protect vulnerable adults from financial exploitation, Attorney General Matthew J. Platkin and the Division of Consumer Affairs (“Division”) announced the launch of an electronic portal that makes it easier for financial professionals to comply with a New Jersey law requiring them to alert the NJ Bureau of Securities (“Bureau”) of suspected financial abuse targeting older and vulnerable investors.
Jan 17, 2025 | Bureau of Securities | Division of Consumer Affairs | Press Release
Multistate Task Force Resolves Unanticipated Tax Bills in Some Target Date Retirement Funds For Immediate Release: January 17, 2025 Office of The Attorney General Division of Consumer Affairs- Cari Fais, DirectorBureau of Securities- Elizabeth M. Harris, Bureau Chief...
Jan 10, 2025 | Advisory Accounts | Brokerage Account Conversions | Bureau of Securities | commission-based brokerage accounts | Consent Order | Edward D. Jones & Co. L.P. | Edward Jones | investors | Multistate Investigation | Supervisory Failures | Bureau of Securities | Consumer Protection | Division of Consumer Affairs | Press Release | Protecting New Jersey in Court
Attorney General Matthew J. Platkin and the Division of Consumer Affairs today announced that the Bureau of Securities has joined a $17 million nationwide multistate settlement with Edward D. Jones & Co., L.P. (Edward Jones) resulting from a probe into the broker-dealer’s supervision of financial professionals moving customers’ commission-based brokerage accounts to fee-based investment advisory accounts.
Nov 22, 2024 | Defrauded Investor | Division of Consumer Affairs | Division of Law | enforcement action | Job Placement and Recruiting Start-Up Company | NJ Bureau of Securities | Bureau of Securities | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release | Protecting New Jersey Consumers | Protecting New Jersey in Court
Attorney General Matthew J. Platkin announced that the New Jersey Bureau of Securities within the Division of Consumer Affairs has filed a civil enforcement action against a Bergen County man and an associate who defrauded at least one New Jersey investor in an investment scheme tied to a job recruiting software service they were purportedly trying to grow.
Nov 4, 2024 | Bureau of Securities | Cease and Desist | crypto token staking reward | crypto-related investments | Digital Assets | Division of Consumer Affairs | Full Refund of Assets | GS Partners | GSB | GSB Gold Standard Corporation AG | investor funds | Lydian World | Metaverse Technology | Multistate Securities Investigation | NJ Residents | physical gold | Securities | tokenized shares | unlawful sale of investment products | vouchers | Bureau of Securities | Consumer Protection | Division of Consumer Affairs | Press Release | Protecting New Jersey Consumers | Protecting New Jersey in Court
NJ Residents Entitled to Full Refund of Assets Invested in Securities Tied to Digital Assets and Metaverse Technology For Immediate Release: November 4, 2024 Office of the Attorney General- Matthew J. Platkin, Attorney GeneralDivision of Consumer Affairs- Cari...
Oct 1, 2024 | Bureau of Securities (“Bureau”) | Division of Consumer Affairs (“Division”) | elderly clients | engaging in outside business activities | financial professionals | insurance business | joint checking account | liquidated existing insurance annuities | New York Lending Company | power of attorney | regulation | Revocation Order | seniors | vulnerable individuals | Bureau of Securities | Division of Consumer Affairs | Press Release
Attorney General Matthew J. Platkin and the Division of Consumer Affairs (“Division”) announced that the Bureau of Securities (“Bureau”) revoked the registrations of a New Jersey broker-dealer agent/investment adviser representative for recommending and selling unsuitable, high-risk investments to elderly clients that were not in their best interest, benefitted him financially, and resulted in financial losses for them.
