State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Calling Clients About Life and Annuities? There Are Laws for That
By Mark McKinney and Stefan DuniganThe penalty for a violation can range from $500 to $20,000.
January 19, 2024
Consumer Groups Attack Annuity Bill in California"It feels like the fix is in" on an NAIC model-based bill, the director of one group said.
January 18, 2024
Bill That Could Narrow CFPB's Insurance Authority Is BackThe bill would keep the bureau from overseeing the insurance activities of persons overseen by state insurance regulators.
January 18, 2024
Ex-Citi Advisor Charged With Fraud in Film Investment SchemeHelen Caldwell solicited clients to invest in her movie projects and spent their money on herself, prosecutors say.
January 18, 2024
Robinhood to Pay $7.5M Over 'Gamification' PracticesThe case resolves a three-year fight with the Massachusetts Securities Division; Robinhood also admitted to a data breach.
January 10, 2024
Wealth Tax Bill Gets Hearing in CaliforniaThe bill would tax residents' "worldwide net worth" of $50 million or more, with some exceptions.
January 09, 2024
Qualifying for Medicaid LTC Benefits Could Get TougherHome equity exemptions could fall, and lookback periods for asset transfers could grow to 20 years.
January 09, 2024
13 States With Income Tax Cuts in 2024The reductions continue a trend of significant changes following the pandemic, according to the Tax Foundation.