Anne Milgram, Attorney General
 
Division of Consumer Affairs
Larry DeMarzo, Acting Director
 
For Immediate Release:
October 12, 2007
For Further Information Contact:
Jeff Lamm, 973-504-6327
Consumer Information:
973-504-6200

 

Vincent J. Oliva Appointed Chief of the N.J. Bureau of Securities

NEWARK – Vincent J. Oliva, a former F.B.I. agent and state and federal prosecutor who most recently served as Director and Senior Associate General Counsel of UBS Financial Services, Inc., has been appointed Chief of the New Jersey Bureau of Securities (BOS), Attorney General Anne Milgram announced.

Oliva, who resides in Ridgewood, will take charge of the BOS on Monday, October 15. The BOS administers and enforces the state’s Uniform Securities Law, registers investment advisors, financial planners and broker-dealers doing business in New Jersey and acts to protect investors by initiating investigations and lawsuits when warranted.

“Vincent Oliva has investigated and prosecuted white collar crimes, including securities and investment fraud, throughout his career,” Attorney General Milgram noted. “Through his work within the financial industry, he knows firsthand the rules and regulations that must be followed by those who interact with investors.”

The BOS oversees more than 3,900 investment advisor firms and 25,000 investment advisors, as of the end of 2006. There were more than 2,800 securities firms and 206,000 securities agents registered with the BOS at the end of 2006.

“The work of the Bureau of Securities touches every New Jerseyan who is looking to invest his or her hard-earned dollars,” Oliva said. “I am committed to educating investors to the scams that exist, ferreting out the con artists who attempt to enrich themselves at the expense of investors and holding them accountable for their actions.”

Oliva worked as a special agent at the F.B.I’s Denver office in the 1980s, serving on the White Collar Crime Squad that investigated securities fraud. He then joined the New York County District Attorney’s Office, serving as an Assistant District Attorney in the Trial Division. Oliva returned to Colorado when he joined the United States Attorney’s Office in Denver as an Assistant U.S. Attorney in the Complex Crimes Unit.

At the U.S. Attorney’s Office, he prosecuted four major fraud trials in federal district court. These prosecutions included a penny-stock price manipulation case, two financial statement fraud cases involving insider trading, and an investment fraud/money laundering case.

Oliva, 50, is the father of four children and is active in community organizations in Bergen County.

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