Haddon Twp. Man Fined $100K by State for Allegedly Defrauding Investors
Stanley Rosenzweig violated the state's uniform securities law, officials said.
Stanley Rosenzweig, 67, of Haddon Township, violated the state's Uniform Securities Law and has been fined $100,000 by the state, officials said Monday. The state said Rosenzweig defrauded investors who purchased promissory notes from him. He did this by offering investors unregistered and non-exempt promissory notes in the company he founded and controlled, qNETIQ, Inc. The New Jersey Division of Consumer Affairs' Bureau of Securities, located within the State Office of the Attorney General, assessed the fine. “Unregistered people selling unregistered securities should set off immediate red flags to potential investors,” said Eric T. Kanefsky, acting director of the state Division of Consumer Affairs. “The Bureau of Securities is a …
