– The New Jersey Bureau of Securities
today announced the launch of an enhanced
Investment Adviser Public Disclosure (IAPD)
website that allows investors to electronically
access information about individuals who
work for money management, financial planning
and other investment advisory firms.
IAPD website, www.adviserinfo.sec.gov,
is available to the public free of charge.
The enhanced website, created for New Jersey
and other member states of the North American
Securities Administrators Association, provides
information on investment adviser representatives
– the individuals who work for advisory
firms and provide investment advice to clients.
IAPD website is an important tool for New
Jersey investors, providing for access to
relevant background information concerning
individual investment professionals, including
their professional qualifications and employment
history, as well as customer complaints
and criminal or regulatory actions,”
said Attorney General Paula T. Dow. “This
makes the financial industry professionals
New Jersey investors consider entrusting
with their hard-earned money that much more
website information provided for both investment
advisory firms and individuals comes from
data electronically reported with state
securities administrators, self-regulatory
organizations and the Securities and Exchange
Commission. The website provides information
about each adviser’s business and
discloses disciplinary problems an adviser
or its registered employees may have had
during the last 10 years.
database is a valuable resource tool for
investors,” said Thomas R. Calcagni,
Acting Director of the Division of Consumer
Affairs. “Investors now have an independent
means for sorting through the field of potential
checking this website before investing,
a person will be better equipped to evaluate
who to hire to help plan for his or her
financial future,” said Marc B. Minor,
Chief of the N.J. Bureau of Securities.
“The combination of contacting the
Bureau plus gathering information from the
enhanced website provides powerful tools
for investors to perform due diligence checks.”
presently are 2,740 investment advisory
firms and 23,100 investment advisers registered
with the Bureau. Investors can receive additional
information on investment advisory firms
and investment advisers by contacting the
New Jersey Bureau of Securities at
888-I-INVEST or online at www.njsecurities.gov.
A similar public database already exists
for investors who want information about
brokers executing securities transactions.
Broker Check can be accessed from www.finra.org/Investors/ToolsCalculators/BrokerCheck
and also is available free of charge.