State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Consumer Reps Ask States to Change Annuities' Faces
By Allison BellAdvocates Birny Birnbaum and Brenda Cude say product illustrations make hypothetical returns look too pretty.
November 14, 2023
Advisors Selling Annuities, Beware: CFP Standards and NAIC Annuity Sales Rules DifferWhen CFP Board rules are stricter than NAIC rules, CFPs must follow the higher standard of care.
November 10, 2023
Webull Fined $500K for Lack of Compliance TeamAt times, the firm had only one compliance employee for hundreds of thousands of accounts, state regulators said.
November 09, 2023
BofA Accused of Aiding Elder Financial AbuseA woman with a Merrill account claims scammers took $690,000 from her after she visited a California branch of the bank.
October 31, 2023
Draft Labor Regulations Allow Annuity CommissionsFiduciary disclosure rules would change, and sales-based awards for independent producers would be out.
October 31, 2023
Wells Fargo Sued Over Customer's Missing JewelryA Los Angeles resident accuses the bank and other defendants of stealing at least $32,000 in valuables.
October 24, 2023
These 11 States Require Financial Ed to Graduate High SchoolMore states are on track to follow suit, an advocacy group says.
October 23, 2023
Massachusetts Doubles Estate Tax ExemptionYet the state is still "one of the most expensive places to die," Ed Slott says.