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.
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 | 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.
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 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...
