New Jersey Statewide Navigation Bar
NJ Department of Law & Public Safety Home
Division of Consumer Affairs
dca news Acting Bureau Chief, Amy G. Kopleton portrait...
Division of Consumer Affairs A-Z List
News Releases

2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
September 25, 2014 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
September 4, 2014 New Jersey Bureau of Securities Suspends Registration of a Jersey City Broker-Dealer Agent Who Borrowed Money From Clients, Failed to Disclose Tax Liens
August 19, 2014 New Jersey Bureau of Securities Revokes Registrations of Broker-Dealer Agent Who Sold Securities Involved in Alleged Ponzi Scheme
August 11, 2014 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
August 8, 2014 New Jersey Bureau of Securities Recovers $125,000 for Investors in Branded Marketing Civil Action
June 6, 2014 “Hedge Fund” Fraudsters Ordered to Pay $55 Million in Investor Restitution, Civil Penalties and Disgorgement
May 6, 2014 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
May 2, 2014 New Jersey Division of Consumer Affairs and Bureau of Securities Suspend Two Financial Agents for Failing to Detect Manipulative Trading Strategy
May 2, 2014 New Jersey Division of Consumer Affairs and Bureau of Securities Announce Settlement with J.P. Morgan Securities, LLC
April 16, 2014 New Jersey Division of Consumer Affairs and Bureau of Securities Announces Settlements with WestPark Capital and an Associated Financial Broker
January 6, 2014 RBC Capital Markets Pays Civil Penalty and Revises Its Supervisory System, Under Settlement
 
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
December 24, 2013 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
December 18, 2013 Attorney General’s Bureau of Securities Files Suit Against Two Bergen County Residents and Their Company For Allegedly Defrauding Investors of $3.5 Million
October 9, 2013 New Jersey Consumer Affairs’ Bureau of Securities Wins $36.4 Million Judgment Against Operators of Ponzi Scheme That Defrauded Investors
August 26, 2013 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
July 30, 2013 Morgan Stanley & Co. Agrees to Pay $100,000 Under Settlement With Division of Consumer Affairs’ Bureau of Securities
May 30, 2013 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
May 21, 2013 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
May 2, 2013 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
April 22, 2013 N.J. Bureau of Securities Announces Launch of Modernized Investment Adviser Examination Process
March 18, 2013 New Jersey Bureau of Securities Issues Investor Alert: “Profitable Sunrise” is Unregistered, Questionable Scheme 
March 13, 2013 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 
February 21, 2013 New Jersey Bureau of Securities Cautions Military Families to Be on Guard Against Fraud
February 21, 2013 New Jersey Bureau of Securities Helps Investors Talk the Talk about Savings and Investing - ‘Conversation Starters’ Program Spotlighted During America Saves Week
January 7, 2013 New Jersey Division of Consumer Affairs Announces $100,000 Civil Penalty in Bureau of Securities Action Against South Jersey Resident Who Defrauded Investors
 
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
August 8, 2012 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
July 17, 2012 N.J. Bureau of Securities Files Suit Against Passaic County Company and Three Executives for Allegedly Defrauding Investors of $1.4 Million
June 28, 2012 N.J. Bureau of Securities Commences Regulation of Additional Investment Advisers Today - State Oversight Accomplished Through Industry Outreach and Additional Bureau Resources
June 15, 2012 June 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
May 8, 2012 South Jersey Couple Who Defrauded Investors Agree to Pay Restitution and Civil Penalty
Feb. 6, 2012 Following Trial Verdict, Affirmative Civil Enforcement Litigation Group Obtains Court Order on Behalf of Bureau of Securities Imposing Civil Penalties and Restitution for Investors
Feb. 1, 2012 New Jersey Division of Consumer Affairs and its Bureau of Securities Caution Investors Not to Stumble When Interest Rates Fall Flat
   
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
Nov. 30, 2011 New Jersey Division of Consumer Affairs and its Bureau of Securities Announce $400,000 Civil Penalty In Investor Fraud Case Against a Purported Alternative Energy Company
Nov. 7, 2011 Philadelphia Lawyer with Office in Cherry Hill, N.J., Indicted on Charges He Stole More than $1 Million from Client
Nov. 7, 2011 New Jersey Division of Consumer Affairs Announces Fraud Charges in Lawsuit Filed by Bureau of Securities, Alleging $8.5 Million Fraudulent Scheme Targeting Elderly Investors
Oct. 4, 2011 N.J. Division of Consumer Affairs Announces Wachovia and Raymond James to Repurchase Auction Rate Securities and Pay $3.26 Million in Civil Penalties under Separate Consent Orders Issued by Bureau of Securities
Sept. 2, 2011 New Jersey Division of Consumer Affairs’ Bureau of Securities Obtains Asset Freeze and Removal of CEO from Bergen County Companies, In Lawsuit Alleging Investor Fraud
August 23, 2011 Cons Find Profit in Get-Rich-Quick Schemes Tied to Economic Uncertainty - N.J. Bureau of Securities Identifies Threats Among Financial Products and Practices
August 3, 2011 New Jersey Division of Consumer Affairs Announces Credit Suisse Securities (USA) to Repurchase Auction Rate Securities and Pay $1 Million in Civil Penalties under Consent Order Issued by Bureau of Securities

July 19, 2011 New Jersey Attorney General and Division of Consumer Affairs Announce Bureau of Securities Lawsuit Against Bergen County Companies and Their CEO/Managing Member for Alleged Investor Fraud

June 21, 2011 State Division of Consumer Affairs Announces Appointment of Abbe R. Tiger as New Chief of its Bureau of Securities
June 20, 2011 State Division of Consumer Affairs, Through Its Bureau of Securities, Takes Disciplinary Actions Against Two Financial Advisors
May 19, 2011 Division of Consumer Affairs and its Bureau of Securities Announce $1.9 Million Settlement with Portuguese Bank
May 16, 2011

Goldman Sachs and Wells Fargo Investments Agree to Repurchase $26.9 Million in Auction Rate Securities from N.J. Investors, Division of Consumer Affairs Announces

April 21, 2011 Division of Consumer Affairs Announces Settlement: Morgan Stanley and TD Ameritrade Agree to Repurchase Over $338 Million in Auction Rate Securities from N.J. Investors
April 12, 2011 Division of Consumer Affairs Reaches $8.25 Million Settlement With Union County Firm that Defrauded Investors
April 6, 2011 $1.54 Million Being Returned to Investors Defrauded by Robert Brennan
February 8, 2011 UBS to Repurchase $1.5 Billion in Auction Rate Securities from N.J. Investors, Under Division of Consumer Affairs Settlement
January 14, 2011 Garfield Man Sentenced to Nine Years in Prison for Defrauding Investors Who Bought Stock in His Horseshoe Venture - Hundreds of investors lost $1.7 million in failed venture
2014 I 2013 I 2012 I 2011 I 2010 I 2009I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
December 21, 2010 Attorney General’s Office Files Suit Against South Jersey Investment Firm for Allegedly Defrauding Investors of $40 Million
December 7, 2010 N.J. Bureau of Securities Revokes Two Brokers and Suspends Another for Multi-Million Dollar Misappropriation and Undisclosed Investment of Funds; Clients Included Major League Baseball Players
November 9, 2010 Stifel Nicolaus to Repurchase $5.4 Million in Auction Rate Securities from N.J. Investors
November 8, 2010
 Jackson Woman Sentenced to 10 Years in State Prison for Defrauding Investors of $925,000
October 25, 2010
Garfield Man Pleads Guilty to Defrauding Investors Who Bought Stock in His Horseshoe Manufacturing Venture - Hundreds of investors lost $1.7 million in failed venture
September 16, 2010
New State Law Protects Senior Investors from Deceptive Advisors Who Use Bogus “Senior Adviser” Titles
September 9, 2010

JPMorgan Chase & Co. Pays $1.1M to New Jersey Bureau of Securities to Settle Auction Rate Securities Case

September 1, 2010

Bedminster-Based Investment Company Assessed $75,000 Penalty For Violations at South Jersey Branch Office

August 11, 2010
New Online Service Provides Background Information About Investment Adviser Representative
August 10, 2010
N.J. Bureau of Securities and Merrill Lynch Reach Settlement Over Stock Trades by Unregistered Employees
July 7, 2010
N.J. Bureau of Securities Files Suit Against Former South Jersey Company and its Principals
April 22, 2010
Court Grants Attorney General's Request to Shut Livingston Investment Firm and Freeze its Assets Amid Fraud Allegations
April 7, 2010
Regal Securities Assessed $10,000 Civil Penaty for Allowing Unregistered Agents to Conduct Investment Transactions
April 7, 2010
Merrill Lynch to Pay N.J. $4.87 Million to Settle Auction Rate Securities Investigation
February 9, 2010
Bank of America to Repurchase $386 Million in Auction Rate Securities from N.J. Investors and Pay Civil Penalty
February 8, 2010
RBC to Repurchase $51 Million in Auction Rate Securities from N.J. Investors
January 15, 2010
$5.15 Million Available to Investors Defrauded by Robert Brennan
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
September 30, 2009
Spring Lake Resident Ordered to Pay $5.1 Million in Penalties and Restitution for Fraudulently Pushing Penny Stock
September 3, 2009
Judge Finds Monmouth County Company Defrauded Investors via a Ponzi Scheme, Orders $7 Million to be Paid in Restitution
July 21, 2009
Garfield Man Charged with Defrauding Investors of $1.7 Millon by Selling Unregistered Stock in Horseshoe Manufacturing Venture
June 3 , 2009
Deutsche Bank Securities Inc. Pays $1M to the New Jersey Bureau of Securities to Settle Auction-Rate Securities Case
May 28, 2009
Three Men Who Targeted Wyckoff Church Members Reach Settlements with the N.J. Bureau of Securities
May 20, 2009
Citigroup Pays $3.3M to New Jersey Bureau of Securities to Settle Auction Rate Securities Case
April 6, 2009
New N.J. Bureau of Securities Chief Starts Work Today
March 9, 2009
Attorney General Announces Lawsuit Against Unregistered Investment Firm Accused of Defrauding $15 Million from Clients
February 20, 2009
New Jersey's Bureau of Securities Targets Financial Scams Against Military Members
February 2, 2009
State Permanently Bars Three Securities Brokers for Market Timing Violations and Assesses $1.15 Million in Civil Penalties
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
December 23, 2008
Former Financial Advisor Pleads Guilty to Misusing &7,100 from Non-profit Foundation
December 18, 2008
State and Federal Authorities Arrest Salem County Investment Broker for Defrauding Eldery Citizens Out of $1.3 Million
November 25, 2008
N.J. Bureau of Securities Revokes Registrations of Two Agents Who Defrauded Elderly Investors
August 27, 2008
N.J. Bureau of Securities Files Suit Against Burlington County Resident Who Defrauded Investors
August 15, 2008
N.J. Bureau of Securities Participates in Auction Rate Securities Settlement With Wachovia
August 14, 2008
N.J. Bureau of Securities Participates in Auction Rate Securities Settlement with Morgan Stanley and J.P. Morgan
August 8, 2008
Bureau of Securities Files Suit Against Scammers Who Targeted Wyckoff Church Members
August 7, 2008
N.J. Bureau of Securities Participates in Settlement With Citigroup
May 19, 2008
Defendant Agrees to Pay $275,000 to Settle Stock Fraud Lawsuit
March 20, 2008
International Securities Fraud Ring Uncovered By N.J. Bureau of Securities
March 20, 2008
States Files Suit Against Monmouth County Investment Company; Investors Lost $12 Million in Ponzi Scheme
March 7, 2008
Monmouth County Man Indicted On Charges Of Securities Fraud, Theft And Money Laundering For Stealing $690,000 From Investors
February 14, 2008
Couple Accused of Stealing Investments from Philadelphia Philanthropist Barred from the N.J. Securities Industry
February 13, 2008
N.J. Bureau of Securities Reminds Investors that Scams Often Hide Behind Today's Headlines
January 11, 2008
Defendants Ordered to Pay $7.95 Million In Investor Restitution and Civil Penalties in Securities Fraud Case
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
October 12, 2007
Vincent J. Oliva Appointed Chief of the N.J. Bureau of Securities
September 27, 2007
Couple Indicted for Allegedly Stealing More than $500,000 from Clients of Their Investment Firm
July 24, 2007
Citigroup/Smith Barney Pays $5 Million to State of New Jersey for Failure to Supervise Certain Agents Engaged in Deceptive Market Timing Activities
July 19, 2007
Citigroup/Smith Barney Pays $978,000 For Failure to Supervise Employees Involved With Unsuitable Short Selling Strategy
February 15, 2007
N.J. Bureau of Securities Obtains Restitution for Defrauded Investor Defunct Securities Dealer Operated from Monmouth County and Texas
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
October 13, 2006
Penny Stock Digital Gas (DIGG.PK), Three Individuals Ordered to Cease Securities Related Activities, Asset Frozen
October 4, 2006
First Montauk Pays $475,000 to Settle Investigation with New Jersey as Chairman and Vice Chairman Agree to Resign from Parent Company
September 7, 2006
New Jersey to Receive $561,458 in Wachovia Settlement Multistate Enforcement Action Alleged Failure to Supervise Agents and Failed to Maintain Required Electronic Communications
August 28, 2006
Prudential Securities, Inc. Ordered to Pay $270 Million in Restitution
August 9, 2006
State Obtains Restitution Judgments for Investors in Excess of $69 Million in Securities Fraud Scheme
March 1, 2006
State Sues Spanlogix, Inc. and its Principals for Allegedly Defrauding Overseas Investors of $840,000
January 24, 2006
New Jersey Obtains $5 Million Judgement Against South Jersey Man Who Defrauded Investors Through Two Securities Scams
January 19, 2006
New Jersey's Top Securities Investigator, Richard Barry, Named Enforcer of the Year by North American Securities Administrators Association.
January 17, 2006
Attorney General Peter C. Harvey Reaches $10 Million Settlement
with Canary Capital and Edward Stern Over Late Trading, Market Timing

January 12, 2006
Attorney General Peter C. Harvey Announces $50 Million Settlement with UBS Financial Services
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
December 12, 2005
Attorney General Peter C. Harvey Brings Lessons In Investing To New Jersey Students
June 29, 2005
Attorney Generag Harvey Reaches Agreement with American Express Financial Advisors Inc.
April 15, 2005
Attorney General Harvey Shuts Down Fraudulent Internet Securities Boiler Room
March 24, 2005
Attorney General Warns Investors of Top 10 Scams for 2005
March 15, 2005
Attorney General Harvey Revokes Licenses of Three New Jersey Brokers; Seeks Penalties for Their Deceptive Practices in Trading of Mutual Funds as Agents of Ubs Paine Webber and Merrill Lynch
March 8, 2005
Attorney General Harvey Reaches Agreement with
Merrill Lynch Covering Securities Practices
January 13, 2005
Attorney General Sues New York Man Who Allegedly Obtained $42 Million From Investors In Massive Securities Fraud Scheme
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
October 26, 2004
Media Advisory - Attorney General Sponsors Major Forum to Protect Seniors
October 8, 2004
Chief of N.J. Bureau of Securities Named President of North American Securities Administrators Association
August 26, 2004
Deutsche Bank Securities and Thomas Weisel Partners Enter lnto Multi-Million Dollar Agreement
August 23, 2004
Warning alerting New Jersey residents about a possible investment scam involving stock tips from strangers on your answering machine.
June 1, 2004
Attorney General Harvey Announces $18 Million Settlement with Allianz Dresdner Asset Management of America, PA Distributors and PEA Capital
May 17, 2004
Attorney General Obtains Court Order Freezing Assets of Ocean County Man and Firms He Allegedly Used to Defraud Investors of Millions
May 14, 2004
Attorney General Sues South Jersey Man Who Allegedly Swindled
Investors Out of $1.6 Million Through Two Securities Scams
April 26, 2004
Attorney General Obtains Order Freezing Assets of Toms River
Man Who Allegedly Defrauded Elderly Investors of $360,000 in Savings
April 15, 2004
Bureau of Securities Seeks Penalties Against Unregistered Broker-Dealer in Toms River
April 15, 2004
Bureau of Securities Obtains Restitution Order For Clients of Hazlet Investment Firm
April 5, 2004
Attorney General Seizes Assets of New Jersey Con Men Who Defrauded British Nationals of More Than $55 Million in Defense Industry Investment Scam
March 17, 2004
Attorney General Obtains Court Order Freezing Assets of Ocean County Man and Firms He Allegedly Used to Defraud Investors of Millions
February 18, 2004
Restitution for Investment Fraud Victims Advances Court Grants State Request to Freeze Assets, Appoint Receiver
February 18, 2004
New Jersey Bureau of Securities Bars Gloucester County Man From Securities Industry
February 17, 2004
Attorney General Harvey Charges PIMCO Mutual Fund Family with Fraudulent Market Timing Arrangement
February 3, 2004

Ocean County Man Sued For Securities Fraud State and Federal Authorities Target Man Who Stole Hundreds of Thousands of
Dollars from Victims Who Invested in His Invention

January 14, 2004
Investors Warned of Top 10 Scams for 2004
2014 I 2013 I 2012 I 2011 I 2010 I 2009 I 2008 I 2007 I 2006 I 2005 I 2004 I 2003
July 17, 2003
Bureau Chief's Letter Regarding Horse Syndications, July 17, 2003
 



division: dca home | complaint forms | licensing boards | adoptions | proposals | minutes | consumer protection
departmental: lps home | contact us | news | about us | FAQs | library | employment | programs and units | services a-z
statewide: nj home | my new jersey | people | business | government | departments | search

Page last modified:
New Jersey Home My New Jersey People Business Government Departments