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Division of Consumer Affairs

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NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG
NJ Financial Advisor Who Sold $3.65M Deal To Elderly Clients Has License Revoked: AG State officials have revoked the licese of a Bergen County financial advisor and broker after it came to light that he sold a pair of elderly clients a total of $3.65 million in a move that New Jersey Attorney General Matthew Platkin said was not in the best interest of the clients. Carlos Leston, who also goes by Jose Carlos Leston, of Maywood, made the sale in securities in a New York Lending company without disclosing that the CEO of the corporation was a friend of his who had been barred from the securities industry, Platkin said. Leston also failed to disclose that he had a r…

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by Cecilia Levine
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Unlicensed Essex County Movers Among 23 Fined In Undercover Operation: AG Unlicensed Essex County Movers Among 23 Fined In Undercover Operation: AG
Unlicensed Essex County Movers Among 23 Fined In Undercover Operation: AG Twenty-three unlicensed movers have been issued notices of violation and assessed civil penalties totaling $125,000, New Jersey officials said. The penalties were the results of "Operation Safe Move," a state-led undercover operation targeting movers doing business without being licensed by the Division, as required by law, New Jersey Attorney General Matthew Platkin said (scroll for a list of companies and what they're being fined). The civil enforcement investigation was conducted over a three-day period in June, in which investigators with the Division’s Office of Consumer Protectio…

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by Cecilia Levine