State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
States Ready to Chip in to Boost Economic Recovery
By Jack HersteinAll eyes are on the lingering effects of the 2008 financial meltdown, and federal policymakers are understandably anxious to find a formula that will revive the national economy and help bring unemployment levels down. The states are ready to help.
November 23, 2011
Unclaimed Property Issue Better Suited to Federal Level?I have not been an advocate of federal insurance regulation replacing state insurance regulation, but I have to admit that, in certain instances, federal oversight seems to make sense. The unclaimed property model law comes to mind.
November 11, 2011
Annuity Players Adopt Their Own Suitability StandardsEven after the defeat of 151A, the annuity industry has seen increased regulatory scrutiny, including California enacting an annuity suitability law. But providers say they welcome it.
November 08, 2011
Moody’s: AIG, MetLife, Prudential Cross SIFI ThresholdMoody's has echoed industry watcher's assumptions that MetLife, AIG, and Prudential will be deemed SIFI. The silver lining is that being designated as a SIFI will limit their ability to assume outsized risk thus bolstering their financial health.
November 02, 2011
Unum Exec Comments on LTCI RatesUnum Chief Financial Officer Richard McKenney says the company's individual LTCI rates will be going up.
October 28, 2011
Crowdfunding Bill Paves Way for Fraud: NASAAA bill that would allow crowdfunding for businesses has regulators worried that investors would be left unprotected.
October 28, 2011
Mich. House Panel Approves Retiree Benefit ChangesLegislation aimed at reining in retiree benefit costs for Michigan state workers was approved Thursday by the Republican-led House Appropriations Committee.
October 26, 2011
Contract Changes Squeeze MolinaA government plan insurer improved its earnings despite a tough negotiating environment.