The State of New Jersey

Office of the Attorney General

New Jersey Division of Consumer Affairs

Cari Fais
Acting Director
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Cari Fais, Acting Director

Safeguarding Against Financial Exploitation Act (SAFE)


Safeguarding Against Financial Exploitation (SAFE) – A Law Protecting Vulnerable Adults from Financial Exploitation

On January 13, 2020, the SAFE Act was enacted.  The SAFE Act provides, in part, that qualified individuals, defined as broker-dealers and investment advisers, who believe that financial exploitation of a vulnerable adult may have occurred or been attempted, or is being attempted, shall promptly notify the bureau and adult protective services.  Further, the broker-dealer or investment adviser may delay transactions and disbursements from accounts related to the vulnerable adult when they believe that financial exploitation may be occurring or will occur, and has been properly reported.  The SAFE Act becomes effective on April 12, 2020.  More information will be provided on this website on how to comply with the SAFE Act in the near future.”

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