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Can I collect financial information from participants in New Jersey? What are the requirements?

To collect financial information from participants in New Jersey, the requirements depend on the specific context and type of financial information being collected. Here are some relevant regulations to consider:

Annual and Quarterly Financial Statement Submission Requirements

Insurers licensed in New Jersey are required to file annual and quarterly financial information with the NAIC and the Department of Banking and Insurance [1.1].

Proof of net worth; records

Applicants for a license in New Jersey may be required to submit an unqualified, audited financial statement prepared by a Certified Public Accountant or a public accountant, in accordance with generally accepted accounting principles [3.1].

Qualification of financial backers and others delineated in N.J.S.A. 5:12-85 .1.e

Financial backers and others delineated in N.J.S.A. 5:12-85 .1.e that are required to be qualified shall submit documentation and information to the Division, including a complete description of the financing which bears relation to the casino operation or casino hotel premises and the particular and quantitative part therein by the person [4.1].

Audit requirements

Sponsors under certain New Jersey policies are required to comply with the State of New Jersey single audit policy for recipients of Federal grants, State grants, and State aid defined by the Department of the Treasury, Office of Management and Budget [5.1].

Intrastate offering (crowdfunding) exemption filing

Issuers offering a security pursuant to N.J.S.A. 49:3-50 (b)(14) shall file with the Bureau, no less than 10 days prior to the commencement of an offering of the security, the New Jersey Intrastate Offering (Crowdfunding) Exemption Form, which includes information required under this subchapter or material to the offering and a consent to service of process provision [6.1].

Based on the available regulations, it is unclear what specific financial information you are trying to collect and from whom. Please provide more context or details about your situation to determine the specific requirements for collecting financial information in New Jersey.

Source(s):
Jurisdiction

New Jersey