New Jersey § 49:3-70
Full text of New Jersey New Jersey Statutes § 49:3-70, with citation guidance and answers to common questions.
§ 49:3-70.
(a) Any person who knowingly violates any provision of this act, except section 7 or 13 of P.L.1967, c. 93 ( C.49:3-54 or C.49:3-60 ) , or who knowingly violates any rule or order under this act , or who willfully violates section 7 of P.L.1967, c. 93 ( C.49:3-54 ) , knowing the statement made to be false or misleading in any material respect, shall
be guilty of a second or third degree crime , depending upon the amount of the loss as provided in subsection (d) of this section . (b) Any person who recklessly violates subsection (a), (b) or (c) of section 5 or
paragraph (1) or (2) of subsection (a) or subsection (f) of section 6 of P.L.1967,
c. 93 ( C.49:3-52 or 49:3-53 ) or section 6 of this act, shall be guilty of a crime of the fourth degree. (c) For purposes of this section, “ knowingly ” and “ recklessly ” shall have the respective meanings ascribed to them in subsection (b) of N.J.S.2C:2-2 . (d) If the total value of all money or anything else of value paid by or lost by victims
of the violations of this act, resulting from the same device, scheme or artifice,
from the same untrue statement of a material fact or failure to state a material fact,
from the same act, practice or course of business, or from any other fraud involving
any security is: (1) less than $75,000, or if no monetary value can be placed upon the loss or if no
person pays or loses anything of monetary value, the offender is guilty of a crime
of the third degree; (2) $75,000 or more, the offender is guilty of a crime of the second degree; (e) No person may be imprisoned for the violation of any rule or order if he proves
that he had no knowledge of the rule or order. (f) An indictment or information returned under this act shall be subject to the limitations
of N.J.S.2C:1-6 . A violation is committed when every element occurs or at the time when the course
of conduct or the actor's complicity therein is terminated. (g) Nothing in this act shall limit the power of this State to prosecute a person
for conduct constituting a crime under any other law. 1
N.J.S.A. § 49:3-53.
Frequently Asked Questions About New Jersey § 49:3-70
What does New Jersey Statutes § 49:3-70 cover?
Section 49:3-70 is part of the New Jersey Statutes, the codified statutory law of New Jersey. It sets out the legal rule or procedure described in the text above. Statutes are amended regularly, so always verify against the official source.
How do I cite New Jersey § 49:3-70?
A common citation format is "New Jersey Statutes § 49:3-70" (New Jersey). Legal writing may require the code abbreviation, section number, and year or edition. Match the style required by your court, professor, or publisher.
Is this the official text of New Jersey law?
No. This page is for research and education and may not include the most recent amendments. For official current law, check the New Jersey official source linked on this page or consult a licensed New Jersey attorney.
How does New Jersey § 49:3-70 apply to my situation?
Statutes are interpreted in context, and application depends on your specific facts. Only a licensed attorney in New Jersey can advise on how this section applies to you. Contact your state or local bar association for a referral.
Sources & Verification
Not legal advice. Verify against the official source and consult a licensed attorney in New Jersey.