Mar 25, 2025 | a crypto token staking reward | AlixPartners | Bureau of Securities | digital assets and metaverse technologies | Division of Consumer Affairs | GS Partners | GSB Gold Standard Bank LTD d/b/a GS Partners | Investigation | investor funds used to purchase investment products | Lydian World | multistate agreement | securities violations | shares of a skyscraper | unlock passive income features | Consumer Protection | Division of Consumer Affairs | Press Release
The New Jersey Bureau of Securities announced that New Jersey investors have until May 22, 2025 to file claims for refunds from GS Partners under a multistate agreement resolving an investigation into alleged securities violations by the company and its affiliates.
Feb 28, 2025 | Buena | Burlington County | comptroller | Division of Criminal Justice | failure to pay tax | filing a fraudulent tax return | Financial facilitation of criminal activity | Forgery | Former Chief Financial Officer | Money Laundering | Not-For-Profit Company | Office of Securities Fraud and Financial Crimes Prosecutions (OSFFCP) | receiving stolen property | Stealing $2.5 Million | Tax Evasion | Unlawful Taking | white-collar crime | Consumer Protection | Division of Criminal Justice | Office of Securities Fraud and Financial Crimes Prosecutions | Press Release | Protecting New Jersey in Court
Attorney General Matthew J. Platkin announced that the former chief financial officer and comptroller of a Burlington County-based not-for-profit company has been charged with allegedly stealing more than $2.5 million from the company, money laundering and tax evasion.
Feb 28, 2025 | Bureau of Securities | Consumer Protection Enforcement Highlights | consumer protection initiatives | DCA | Division of Consumer Affairs | Division of Law | high volume of consumer complaints | impede consumers’ ability to make informed purchasing decisions | Office of Consumer Protection | Office of Weights and Measures | targeted crackdowns | taskforce sweeps | undercover investigations | unfair and deceptive conduct | unlawful business practices | unscrupulous investment schemes | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release | Protecting New Jersey Consumers
Attorney General Matthew J. Platkin and the Division of Consumer Affairs (“Division”) announced highlights of various consumer protection initiatives carried out by the Division in 2024, including those aimed at putting a stop to unlawful business practices that impede consumers’ ability to make informed purchasing decisions, shutting down unscrupulous investment schemes putting New Jersey investors at risk, and halting unfair and deceptive conduct in industries that historically generate a high volume of consumer complaints in New Jersey each year.
Feb 20, 2025 | Amicus Brief | Arizona | auto lending | banking | big banks | California | coalition of 23 attorneys general | Colorado | Connecticut | Consumer Financial Protection Bureau (CFPB) | consumer protection | credit card companies | Delaware | Federal Consumer Protection Laws | federal regulations | Hawaii | Illinois | independent agency | lenders | Maine | Maryland | Massachusetts | Michigan | Minnesota | mortgage servicers | Nevada | New Mexico | New York | North Carolina | Oregon | Rhode Island | student loan servicers | the District of Columbia | Trump Administration | U.S. District Court for the District of Maryland | Vermont | Washington | Wisconsin | Consumer Protection | Press Release | Protecting New Jersey in Court
New Jersey Attorney General Matthew J. Platkin and New York Attorney General Letitia James co-led a coalition of 23 attorneys general to warn against efforts by the Trump Administration and Elon Musk to defund and disband the Consumer Financial Protection Bureau (CFPB).
Jan 16, 2025 | appealing to children | bright packaging | California | candy | chocolate | civil investigative demands | Coalition | Connecticut | distributing | Division of Consumer Affairs | e-cigarette retailers | e-cigarettes | electronic cigarettes | enforcement tools | flavored vapor products | fruit | Hawaii | Illinois | importing | lawsuits | licensing and consumer protection laws | marketing flavored e-cigarettes | Minnesota | New Jersey | New Jersey joins California | New York | Ohio | rise in tobacco sales | selling | subpoenas | to filing lawsuits | Tobacco | Vermont | warning letters | Washington D.C. | Child Protection | Consumer Protection | Division of Consumer Affairs | Division of Law | Press Release | Protecting New Jersey Consumers
Advancing efforts to protect New Jerseyans from the hazards of electronic cigarettes, Attorney General Matthew J. Platkin announced that the Division of Consumer Affairs sent letters to nearly 11,000 New Jersey businesses reminding them that selling flavored vapor products is unlawful and directing them to cease any such sales immediately.
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.
