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.”