Jan 25, 2024 | Combating Gun Violence | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release | Protecting New Jersey in Court
Attorney General Matthew J. Platkin and the Division of Consumer Affairs today announced that an Indiana-based firearms dealer has agreed to stop advertising, offering for sale, and selling large capacity magazines (“LCMs”) to New Jersey residents, and prevent the ordering and shipping of its LCMs to any New Jersey addresses, in order to resolve allegations stemming from an undercover investigation conducted by the Division.
Jan 19, 2024 | Add-On Products | CFPA | Consumer Financial Protection Act (CFPA) | Equity-Run Lending Company | Lawsuit | Mariner Finance | Memorandum | Multistate Lawsuit | New Jersey | New Jersey Division of Consumer Affairs | Oregon | Pennsylvania | Washington | Washington D.C. | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release
National Lending Company Mariner Finance Allegedly Charged Consumers Millions of Dollars for Hidden Add-On Products.
Jan 16, 2024 | Appointment | Bureau Chief | Bureau of Securities | Elizabeth M. Harris | financial markets | investor fraud | Bureau of Securities | Division of Consumer Affairs | Press Release
Attorney General Matthew J. Platkin has appointed Elizabeth M. Harris to serve as Chief of the Bureau of Securities (“Bureau”), effective today. The Bureau, which operates within the Division of Consumer Affairs, is charged with protecting investors from investment fraud, and with regulating the securities industry in New Jersey.
Jan 9, 2024 | CashApp | CFPB | Coalition | Consumer Financial Protection Bureau | Digital Payment and Wallet Services | Notice of Proposed Rulemaking | Paypal | proposed federal rule | Venmo | Zelle | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release | Protecting New Jersey in Court | Statutes, Regulations & Rules
Attorney General Matthew J. Platkin yesterday led a coalition of Attorneys General to support a proposed federal rule that would expand supervisory authority over certain nonbank companies to ensure that such companies are subject to the same regulatory oversight as banks, credit unions, and other traditional financial institutions.
Dec 21, 2023 | "Oasis" | Fraudulent Investments | NRIA | Oasis Realty Investment Group LLC (“Oasis”) | Real Estate Investment Firm | 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 today that the New Jersey Bureau of Securities within the Division of Consumer Affairs has filed a civil enforcement action against the former vice-president of an NJ-based real estate investment firm that defrauded investors nationwide.
Dec 20, 2023 | Alabama | broker-dealers | California | Commissions | Florida | Illinois | investors | Massachusetts | Montana | New Jersey Investors | Raymond James Financial Services | restitution | Settlement | Small-Dollar Transactions | Washington | Bureau of Securities | Division of Consumer Affairs | Press Release | Protecting New Jersey Consumers | Protecting New Jersey in Court
The Office of the Attorney General and the Division of Consumer Affairs today announced that the Bureau of Securities has joined a multi-state settlement with two Florida- based broker-dealers that have agreed to pay at least $8.25 million in refunds to investors who were charged unreasonable commission fees on small-dollar transactions.
