S1745

08 Jul: Whelan Bill To Protect Seniors From Misleading Securities, Stock Sales Signed Into Law

TRENTON – A bill sponsored by Senator Jim Whelan which will prohibit securities sales professionals from using misleading titles or non-existent professional certifications to fool senior citizens into investing their money was signed into law earlier this week by Governor Christie.

“Senior citizens who’ve worked hard and saved their entire lives for retirement should be able to enjoy their golden years, not worry about bad investments they were conned into making,” said Senator Whelan, D-Atlantic. “This new law cracks down on unscrupulous business practices designed to trick seniors and retired persons into risky or inappropriate investments. The State cannot stand by while seniors are being victimized by con men with flashy – and ultimately, meaningless – professional titles and hollow credentials.”

Senator Jim Whelan (D-Atlantic)

21 May: Whelan Bill To Protect Seniors From Misleading Securities, Stock Sales Approved

A bill sponsored by Senator Jim Whelan which would prohibit securities sales professionals from using misleading titles or non-existent professional certifications to fool senior citizens into investing their money was approved by the Assembly yesterday by a vote of 78-0, receiving final legislative approval.

“New Jersey seniors should be enjoying their retirement years, not worrying about bad investments that they were conned into making,” said Senator Whelan, D-Atlantic. “This bill would prohibit deceptive stock and securities marketing techniques which are designed to target the fixed incomes of senior citizens and retired individuals living in the Garden State. We cannot allow unscrupulous salespeople to enrich themselves at seniors’ expense.”

18 Mar: Whelan Bill To Protect Seniors From Misleading Securities Salespeople Approved In Commerce Committee

TRENTON – A bill sponsored by Senator Jim Whelan which would prohibit securities sales professionals from using misleading titles or non-existent professional certifications to fool senior citizens into investing their money was approved by the Senate Commerce Committee today by a vote of 4-0.

“Many seniors, living on fixed incomes, can be rightfully very cautious with their investment portfolios,” said Senator Whelan, D-Atlantic. “These are folks who are living on limited retirement funds, and have to pick their investments very carefully. When a security salesperson bearing the phony designation of ‘elder planning specialist’ or ‘certified senior planning consultant’ offers specialty services catered directly to their needs, unfortunately, some seniors fall for this marketing gimmick.”

04 Aug: Adler-Buono Bill For Accountability In State Agencies Signed Into Law

TRENTON – A bill sponsored by Senators John H. Adler and Barbara Buono which would give the State Auditor the authority to conduct performance reviews of State agencies to ensure that government is held accountable for its spending was signed into law yesterday by the Governor.

“New Jersey’s residents pay more for government services than any other people in the country,” said Senator Adler, D-Cherry Hill. “Without strong oversight, there’s absolutely no reason why they should have faith that the money is being spent efficiently. We need to tie government funding to results in our State’s programs, and make the necessary changes to promote maximum efficiency.”

19 Jun: Adler-Buono Bill For Accountability In State Agencies Approved

TRENTON – A bill sponsored by Senators John H. Adler and Barbara Buono which would give the State Auditor the authority to conduct performance reviews of State agencies to ensure that government is held accountable for its spending was approved by the Senate today by a vote of 38-0.

“State government can no longer look the other way when it comes to fiscal recklessness and runaway spending,” said Senator Adler, D-Cherry Hill. “We all recognize that we have to do more with less, and that we have to make an efficient government a top priority. By asking the Auditor to root out government waste, we will be able to have more accountability for the taxpayers’ dollar.”

08 May: Adler-Buono Bill For Accountability In State Agencies Advances

TRENTON – A bill sponsored by Senators John H. Adler and Barbara Buono which would give the State Auditor the authority to conduct performance reviews of State agencies to ensure that government is held accountable for its spending was unanimously approved by the Senate State Government Committee today.

“The public needs to know that their government is working on their behalf,” said Senator Adler, D-Cherry Hill. “Reports of corruption and abuse not only mock the public trust, but waste taxpayer dollars. We need to know what programs work, and what programs serve only as patronage pits for the politically connected, so that we can demand maximum efficiency from New Jersey’s agencies.”

08 Apr: Adler-Buono Bill For Accountability In State Agencies Advances

TRENTON – A bill sponsored by Senators John H. Adler and Barbara Buono which would give the State Auditor the authority to conduct performance reviews of State agencies to ensure that government is held accountable for its spending was unanimously approved by the Senate State Government Committee today.

“The public needs to know that their government is working on their behalf,” said Senator Adler, D-Cherry Hill. “Reports of corruption and abuse not only mock the public trust, but waste taxpayer dollars. We need to know what programs work, and what programs serve only as patronage pits for the politically connected, so that we can demand maximum efficiency from New Jersey’s agencies.”

20 Mar: Adler Introduces Bill To Hold Departments Accountable

TRENTON – On the eve of Governor Corzine’s first annual budget address, in which he’s expected to announce tough initiatives to close a $4.5 billion deficit, Senator John H. Adler has introduced legislation to hold departments accountable to the people of New Jersey.

“In his inaugural address, Governor Corzine asked us to hold him accountable,” said Senator Adler, D-Cherry Hill. “That principle of accountability should hold true across all levels of government. In tough economic times, we need to make sure that the taxpayers of this State are getting what they pay for.”