State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
SEC Charges Fake Advisor With Scamming $8.4M From Investors
By Jeff BermanThe defendant, incarcerated earlier for drug trafficking, allegedly led three schemes targeting at least 28 investors.
March 24, 2023
A Global View of Retirement Shows How U.S. Savers Stack UpA new global survey shows readiness remains lower in the U.S. than in many other developed countries.
March 23, 2023
Advisor Tells Regulators That Life Illustrations Are Just Too SimpleNAIC panels are also discussing AI, fast underwriting and guarantees from dead banks.
March 23, 2023
CalPERS Agrees to $820M Long-Term Care Insurance Rate Suit SettlementPolicyholders have been fighting CalPERS in court since 2013.
March 21, 2023
Advisor Charged With Defrauding Clients in Annuity Switching SchemeClients incurred over $640,000 in surrender charges, according to the SEC.
March 21, 2023
Ex-Investors Capital Broker Barred for Stealing $250KNick Palky allegedly took the client's savings through forgery after he recommended that she liquidate her money market funds.
March 17, 2023
NASAA Lowers Passing Score for Series 65 ExamContent of the Series 63, 65 and 66 exams will also be updated; the changes take effect in June.
March 17, 2023
Some State Regulators Frown on Life-Long-Term Care Combo ProductsCritics fear that consumers may not understand what they're getting.