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.
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.
