News

2022
06/21/22	New Jersey Bureau of Securities Takes Action Against Secaucus-Based National Realty Investment Advisors, Citing Massive Nationwide
06/15/22	New Jersey Bureau of Securities Announces the Launch of the Annual Examination of Investment Advisers
05/11/22	Acting AG Platkin Announces Action by New Jersey Bureau of Securities to Stop Russian Scammers Perpetrating NFT Investment Fraud
05/11/22	Five States File Enforcement Actions to Stop Russian Scammers Perpetrating Metaverse Investment Fraud
05/09/22	AG Platkin: New Jersey Bureau of Securities Revokes Registrations of Monmouth County Financial Advisers and Assesses $800,000 in Civil Penalties for Securities Law Violations
03/29/22	New Jersey Bureau of Securities Orders Cryptocurrency Company ‘Voyager Digital’ to Stop Offering and Selling Interest-Bearing Accounts
03/14/22	Acting AG Platkin: New Jersey Bureau of Securities Revokes Registrations of Broker-Dealer Agent Accused of Stealing from Elderly Clients
02/14/22	Acting AG Platkin: Cryptocurrency Lending Platform BlockFi Agrees to $100 Million Settlement with State and Federal Securities Regulators
2021
12/21/21	Acting AG Bruck Announces Two Securities Enforcement Actions Against Sellers of Unregistered Securities Tied to Fraudulent Schemes
10/27/21	New Jersey Bureau of Securities Issues Five Orders Directing Website Operators to Stop Offering Fraudulent Cryptocurrency Investment Opportunities
09/17/21	New Jersey Bureau of Securities Orders Cryptocurrency Firm Celsius to Halt the Offer and Sale of Unregistered Interest-Bearing Investments
07/20/21	New Jersey Bureau of Securities Orders Cryptocurrency Company ‘BlockFi’ to Stop Offering Interest-Bearing Accounts
04/22/21	Unregistered Investment Adviser Charged With Stealing $644,000 From Investors He Recruited To Commodities Trading Group
03/26/21	AG Grewal: Morris County Brokerage Firm Agrees to Pay $250,000 for Failing to Supervise Agent Convicted of Defrauding Investors
03/05/21	AG Grewal Announces Two Bureau of Securities Actions Combating Financial Exploitation of Older Investors
02/04/21	AG Grewal Announces NJ Bureau of Securities Action Against GPB Capital Holdings, LLC for Alleged $1.8 Billion Securities Fraud Scheme
2020
12/29/20	AG Grewal Announces Further Actions Against Red Bank Securities Broker-Dealer and Its Agents Who Defrauded Unsuspecting Investors
12/04/20	Bureau of Securities Orders Investment Scam Companies Defrauding LinkedIn Users to Cease and Desist, Urges NJ Residents to Beware of Investment Scams on Social Networking and Dating Sites Emergency Action Comes as Reports of Romance Scams and Other Online Investment Fraud Surge During the COVID-19 Emergency
10/28/20	AG Grewal, NJ Bureau of Securities Sue Union County-Based Financial Consultant for Allegedly Selling Unregistered Securities and Defrauding Investors
06/12/20	New Jersey Bureau of Securities Announces Annual Examination of Investment Advisers is Underway
03/24/20	As COVID-19 Cases Increase, NJ Bureau of Securities Takes Steps to Facilitate Social Distancing Among Financial Professionals Bureau Also Shares Tips to Avoid Investment Scams
02/25/20	New Jersey Bureau of Securities Revokes Registration, Assesses $750,000 Civil Penalty, Against Morristown Investment Adviser Who Breached His Fiduciary Duty to Customers
2019
12/19/19	Bureau of Securities: Hudson County Brokerage Firm Agrees to Pay $250,000 Failure to Supervise Registered Agent
11/04/19	New Jersey Bureau of Securities Revokes Registration, Obtains Court Order Freezing Assets of Red Bank Broker-Dealer That Raked in $28.7M in Excessive Trading Scheme – Bureau Also Announces Latest Agent Revoked, Penalties Assessed in Ongoing Investigation of Firm
08/07/19	New Jersey Bureau of Securities Orders Two Online Cryptocurrency Promoters to Stop Offering Unregistered Securities in the State NJ Actions Part of International “Crypto-Crackdown”
07/18/19	AG Grewal, NJ Bureau of Securities Announce Cryptocurrency Lawsuit Against Princeton-Based Business for Allegedly Violating Securities Law in Sale of Tokens
06/24/19	Investment Broker Pleads Guilty To Stealing $270,000 From Eldery Couple By Soliciting Money For Fictitious Investment Program
06/10/19	Attorney General Grewal, Bureau of Securities Announce Lawsuit Against Investment Firm for Selling $10-Million-Plus in Unregistered Securities
05/15/19	New Jersey Bureau of Securities Revokes Registration, Assesses $750,000 Civil Penalty, Against Rumson Financial Advisor Who Made Unsuitable Investment Recommendation to Clients
05/02/19	New Jersey Bureau of Securities Announces Annual Examination of Investment Advisers is Underway
05/01/19	AG Grewal, Bureau of Securities Announce Settlement with LPL Financial LLC for $499,000 Civil Penalty
04/15/19	New Jersey Bureau of Securities Proposes New Rule Requiring NJ Financial Industry to Put Investors’ Interests First
02/11/19	Interactive Brokers Agrees to Pay New Jersey Bureau of Securities $100,000 Penalty to Settle Failure to Supervise Findings
01/29/19	New Jersey Bureau of Securities Files Suit Against Princeton Couple for Allegedly Defrauding Members of Their Social Circle in Scam Investments and Using Investor Funds to Bankroll Lavish Lifestyle
2018
12/27/18	New Jersey Bureau of Securities Orders Philadelphia-Based Small-Business Funding Company to Stop Selling Unregistered Securities in the State
10/05/18	Ameriprise Financial Services Agrees to Pay New Jersey Bureau of Securities $375,000 to Resolve Violations Relating to Sales of Alternative Investments
09/17/18	Governor Murphy Marks 10 Year Anniversary of 2008 Financial Crisis by Announcing Plan to Require NJ Financial Industry to Put Customers’ Interests First
08/28/18	New Jersey Bureau of Securities Takes Action Against Middlesex Man and His Companies for Allegedly Defrauding More than $1.3 Million from NJ Investors in his Online Gambling Companies
06/15/18	New Jersey Bureau of Securities Revokes Registrations of Investment Advisory Firm and Its Owner for Defrauding Elderly New Jersey Investors
05/23/18	New Jersey Bureau of Securities Assesses $100,000 Penalty Against Bergen County Man for Defrauding Investors and Spending Their Funds on Food, Drink, Limos and a “Gentlemen’s Club”
05/21/18	New Jersey Bureau of Securities Orders Three Online Cryptocurrency Promoters to Stop Offering Unregistered Securities in the State: NJ Actions Part of International “Crypto-Crackdown”
05/07/18	AG Grewal, State’s Securities Regulator to Congress: Federal Bill Would Weaken State Securities Fraud Enforcement
04/16/18	New Jersey Bureau of Securities Orders New Brunswick Man to Pay $750,000 for Selling Unregistered Securities Tied to Alleged $1.2 Billion Ponzi Scheme
03/07/18	New Jersey Bureau of Securities Orders Online Cryptocurrency Promoter “Bitcoiin” to Stop Offering Unregistered Securities in the State
02/09/18	New Jersey Bureau of Securities Orders “Bitstrade” to Stop Offering Unregistered Securities in the State
02/01/18	New Jersey Bureau of Securities Announces $100,000 Civil Penalty and the Revocation of Agent Registration Against Livingston Resident Who Defrauded Elderly Couple
01/07/18	Attorney General Porrino and the New Jersey Bureau of Securities, Division of Consumer Affairs, Remind Investors to Approach Cryptocurrency with Caution
2017
12/20/17	Attorney General Porrino and New Jersey Bureau of Securities Announce $275,000 Civil Monetary Penalty Against Red Bank Brokerage Firm For Supervisory Failures and Books and Records Violations
11/01/17	LPL Financial agrees to pay New Jersey Bureau of Securities $975,000 to Resolve Violations Relating to Sales of Alternative Products
07/20/17	Owners of Tinton Falls Broker-Dealer Agree to Pay $2.1 Million in Restitution and Penalties for Violating New Jersey Securities Laws
05/25/17	New Jersey Bureau of Securities Obtains $650,000 Payment in Agreement with David Lerner Associates, Inc. to Resolve Violations Relating to Sales of Non-Traded REITs
05/08/17	New Jersey Bureau of Securities Announces Annual Examination of Investment Advisers is Underway
03/28/17	New Jersey Bureau of Securities Assesses $1 Million in Civil Penalties Against Essex County Resident and His Company for Defrauding Investors through a Ponzi Scheme involving the Fraudulent Sale of Unregistered Securities
2016
09/26/16	Special Adoption and Proposed Regulation – Bureau of Securities
06/15/16	New Jersey Bureau of Securities Marks “World Elder Abuse Awareness Day” With Tips for Keeping Senior Citizens Safe from Financial Exploitation
05/27/16	New Jersey Bureau of Securities Assesses $2 million Penalty Against Hudson County Couple and Their Bogus Private Investment Fund Management Company for Defrauding Investors through the Fraudulent Sale of Unregistered Securities
05/04/16	New Jersey Bureau of Securities Assesses Approximately $4 Million in Civil Penalties Against Former Bergen County Resident and Two Others for Defrauding Investors Out of More Than $3.6 Million
2015
11/20/15	New Jersey Bureau of Securities Takes Action Against Principals of Monmouth County Investment Firm that Defrauded Clients of Millions of Dollars
10/22/15	New Jersey Bureau of Securities Wins $14 Million Judgment Against Ponzi Schemers Who Defrauded Elderly Investors
09/29/15	New Jersey Bureau of Securities Obtains $6.7 Million in Full Restitution for Investors Defrauded by Former Monmouth County Fire Chief; $800,000 Civil Monetary Penalty Also Assessed
07/24/15	New Jersey Bureau of Securities Revokes Registration of Midland Park Broker Who Has Admitted to Defrauding Clients and Stealing Hundreds of Thousands of Dollars for His Own Use, Concurrent Investigation Leads to Federal Guilty Plea
06/15/15	Commemorating “World Elder Abuse” Day, New Jersey Bureau of Securities Offers Fraud Prevention Tips for Senior Investors
06/10/15	New Jersey Bureau of Securities Imposes Penalty on Operators of Upper Montclair-Based, $4 Million Investment Fraud – Joint Investigation Leads to Federal Arrest of Montclair Resident Nicholas Lattanzio
04/27/15	Annual Written Examination for Investment Advisers Is Underway, the New Jersey Bureau of Securities Announces
04/02/15	New Jersey Bureau of Securities Revokes Registration of Financial Agent Who Defrauded Elderly Investor
04/01/15	New Jersey Bureau of Securities Invites Public to Free “Safe Investing” Summit on 11/13th; Attendees Will Hear From “Crazy Eddie” and HealthSouth Fraudsters, “Wolf of Wall Street” and Madoff Prosecutors and FBI Agents, and More
03/27/15	New Jersey Bureau of Securities Obtains $23 Million Default Judgment Against Branded Marketing Investment Scammer And His Companies
2014
12/15/14	New Jersey Bureau of Securities Announces Launch of Streamlined Electronic Filing Depository – EFD Offers Efficiency for Issuers and Improved Transparency for Investors
11/03/14	New Jersey Bureau of Securities Invites Public to Free “Safe Investing” Summit on 11/13th; Attendees Will Hear From “Crazy Eddie” and HealthSouth Fraudsters, “Wolf of Wall Street” and Madoff Prosecutors and FBI Agents, and More
10/17/14	New Jersey Bureau of Securities Revokes Agent’s Registration, Assessed $2 Million Penalty, After Finding He Defrauded Investors, Spent Investor Funds at Casinos and on Poker Websites
10/06/14	New Jersey Bureau of Securities Assesses $1.1 Million Penalty Against Sussex County-Based “Extreme Energy Solutions,” Seller of a Purported Automobile Emissions Reduction Device, Due to Fraudulent Sale of Unregistered Securities (10/6/14)
09/25/14	New Jersey Bureau of Securities Files Suit Charging that Former Monmouth County Fire Chief Committed Multi-Million Dollar Fraud Against Investors; Revokes His Exemptions to Operate
09/04/14	New Jersey Bureau of Securities Suspends Registration of a Jersey City Broker-Dealer Agent Who Borrowed Money From Clients, Failed to Disclose Tax Liens
08/19/14	New Jersey Bureau of Securities Revokes Registrations of Broker-Dealer Agent Who Sold Securities Involved in Alleged Ponzi Scheme
08/11/14	New Jersey Bureau of Securities Obtains $5.5 Million Settlement From Bergen County Father and Son Who Defrauded Investors Through Sale of Unregistered Notes and Used Investor Funds For Personal Enrichment
08/08/14	New Jersey Bureau of Securities Recovers $125,000 for Investors in Branded Marketing Civil Action
06/06/14	“Hedge Fund” Fraudsters Ordered to Pay $55 Million in Investor Restitution, Civil Penalties and Disgorgement
05/06/14	New Jersey Division of Consumer Affairs and Bureau of Securities Announce that Two Convicted Felons Who Sold Fraudulent, Unregistered Securities Are Now Barred from Securities Industry
05/02/14	New Jersey Division of Consumer Affairs and Bureau of Securities Suspend Two Financial Agents for Failing to Detect Manipulative Trading Strategy
05/02/14	New Jersey Division of Consumer Affairs and Bureau of Securities Announce Settlement with J.P. Morgan Securities, LLC
04/16/14	New Jersey Division of Consumer Affairs and Bureau of Securities Announces Settlements with WestPark Capital and an Associated Financial Broker
01/06/14	RBC Capital Markets Pays Civil Penalty and Revises Its Supervisory System, Under Settlement
2013
12/24/13	Court Approves Asset Freeze and Appointment of Receiver After Attorney General’s Bureau of Securities Files Suit Against Two Bergen County Residents and Their Company For Allegedly Defrauding Investors of $3.5 Million
12/18/13	Attorney General’s Bureau of Securities Files Suit Against Two Bergen County Residents and Their Company For Allegedly Defrauding Investors of $3.5 Million
10/09/13	New Jersey Consumer Affairs’ Bureau of Securities Wins $36.4 Million Judgment Against Operators of Ponzi Scheme That Defrauded Investors
08/26/13	UBS Financial Services Agrees to Pay $4.58 Million to Settle a Multi-State Investigation Led by the Division of Consumer Affairs’ Bureau of Securities
07/30/13	Morgan Stanley & Co. Agrees to Pay $100,000 Under Settlement With Division of Consumer Affairs’ Bureau of Securities
05/30/13	Bergen County Biotech Companies and Their President/CEO Ordered to Pay More than $11 Million in Restitution and Penalties Under Settlement with New Jersey Division of Consumer Affairs’ Bureau of Securities
05/21/13	Executive Indicted on Charges He Stole Over $230,000 in Investor Funds Raised for His Biotech/Medical Firms in Bergen County, N.J. – New Jersey Bureau of Securities previously sued Thomas J. Fagan for defrauding investors of $9.5 million by selling unregistered stock in one of the companies
05/02/13	Newark-Based Broker-Dealer Self Reports Securities Violations; Agrees to Pay $100,000 Plus Restitution, Under Settlement With the N.J. Division of Consumer Affairs’ Bureau of Securities
04/22/13	N.J. Bureau of Securities Announces Launch of Modernized Investment Adviser Examination Process
03/18/13	New Jersey Bureau of Securities Issues Investor Alert: “Profitable Sunrise” is Unregistered, Questionable Scheme
03/13/13	New Jersey Division of Consumer Affairs Announces Settlement with Canadian Investment Bank — RBC Capital Markets Agrees to $450,000 Settlement with Bureau of Securities for Failing to Review Accounts Used in Multi-Million Dollar Ponzi Scheme
02/21/13	New Jersey Bureau of Securities Cautions Military Families to Be on Guard Against Fraud
02/21/13	New Jersey Bureau of Securities Helps Investors Talk the Talk about Savings and Investing – ‘Conversation Starters’ Program Spotlighted During America Saves Week
01/07/13	New Jersey Division of Consumer Affairs Announces $100,000 Civil Penalty in Bureau of Securities Action Against South Jersey Resident Who Defrauded Investors
2012
08/08/12	Attorney General Chiesa, N.J. Division of Consumer Affairs, and N.J. Bureau of Securities Announce Suit Against Investment Firm for Alleged $12 Million Fraud
07/17/12	N.J. Bureau of Securities Files Suit Against Passaic County Company and Three Executives for Allegedly Defrauding Investors of $1.4 Million
06/28/12	N.J. Bureau of Securities Commences Regulation of Additional Investment Advisers Today – State Oversight Accomplished Through Industry Outreach and Additional Bureau Resources
06/15/12	6/15 is World Elder Abuse Awareness Day – New Jersey Division of Consumer Affairs and its Bureau of Securities Urges Citizens to Report Elder Abuse “Crime of the 21st Century” Costs Victims $2.9 Billion Per Year
05/08/12	South Jersey Couple Who Defrauded Investors Agree to Pay Restitution and Civil Penalty
02/06/12	Following Trial Verdict, Affirmative Civil Enforcement Litigation Group Obtains Court Order on Behalf of Bureau of Securities Imposing Civil Penalties and Restitution for Investors
02/01/12	New Jersey Division of Consumer Affairs and its Bureau of Securities Caution Investors Not to Stumble When Interest Rates Fall Flat