NEWARK
– Abbe R. Tiger, who has prior experience
as both a securities regulator and an in-house
attorney for a global financial services
company, became the new Chief of the New
Jersey Bureau of Securities on May 31, 2011.
“I
am very pleased to return to public service
at this time,” said Tiger. “The
severe economic downturn in recent years
unfortunately has led to serious securities
violations that have hurt many people. I
look forward to working with the dedicated
professionals of the New Jersey Bureau of
Securities. We will be proactive in our
regulatory oversight of investment professionals,
our examination program and our enforcement
of New Jersey’s securities statutes
and the Bureau’s own rules.”
Tiger
began her career as a prosecutor in the
District Attorney’s Office of Kings
County, New York. She left that position
in 1987 to join the Division of Enforcement
at the United States Securities and Exchange
Commission in its Washington, D.C. headquarters.
During
her eight-year tenure at the SEC, Tiger
conducted numerous investigations into a
wide range of securities matters, including
insider trading, accounting fraud and market
manipulation. Tiger spent the latter part
of her time at the SEC as a Branch Chief
supervising a group of attorneys who conducted
the same types of investigations.
After
fourteen years of public service, Tiger
was recruited to join the Office of General
Counsel of Merrill Lynch & Co. While
at Merrill Lynch, she served in a variety
of positions, spending her final seven years
as the head of Merrill Lynch’s Internal
Reviews Group. In that capacity, she oversaw
a group that investigated possible violations
of firm policies as well as federal and
state and self-regulatory organization statutes
and rules. Tiger was responsible for recommending
disciplinary sanctions for wrongdoers as
well as reporting violations to various
regulators.
Most
recently, Tiger had her own law practice
representing individuals in securities regulatory
matters and litigation.
The
N.J. Bureau of Securities regulates the
operation of approximately 2,500 Broker-Dealer
firms, 183,000 Registered Representatives,
2,700 Investment Advisory Firms and 24,000
Investment Adviser Representatives (IAR)
that conduct business in New Jersey. All
securities offered for sale in the state
are required to be registered with the NJBOS
as well.
The
Bureau of Securities can be contacted toll-free
within New Jersey at 1-877-I-INVEST
(1-877-446-8378) or from outside New Jersey
at 973-504-3600. The Bureau’s
web site is located at www.njsecurities.gov
.
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