State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Schwab Asks Court to Dismiss Class-Action Suit Over Cash Sweeps
By Jeff BermanThe firm says the case should be dismissed "for lack of jurisdiction" and a "failure to state a claim on the merits."
November 04, 2021
Ex-Wells Fargo Broker Barred by FINRA Over Ponzi SchemeThe former broker and Wells Fargo were among those named in a complaint last year by disgruntled investor.
November 03, 2021
Ex-Advisor Gets 3 Life Sentences for Bilking Senior Churchgoers in TexasWilliam Neil "Doc" Gallagher, a radio personality, ran a $32 million scam, prosecutors say.
October 27, 2021
Stock Trader Charged With Securities Fraud in Twitter Pump-and-Dump SchemeThe Ohio stock promoter used the social network for his over-the-counter penny stock scam, DOJ and SEC allege in separate actions.
October 18, 2021
2 Crypto-Lending Firms Ordered Shut by N.Y. Attorney GeneralRegulators in several states are taking aim at crypto lending firms, which have rapidly gathered tens of billions of dollars.
October 06, 2021
8 Tips for Advisors to Avoid Digital Asset Legal, Compliance HeadachesAdvisors must make sure they follow their firms' policies and procedures, as well as legal compliance requirements, attorney Max Schatzow says.
October 06, 2021
NASAA Wants to Rein in Advisors Who Fail to Pay Arb AwardsPublic comments are sought about model rules that could prompt enforcement actions by NASAA members against violators.
October 01, 2021
State Securities Regulators Report Tripling of Digital Asset Enforcement ActionsRegulators also reported almost twice as many cases involving self-directed IRAs in 2020 as a year earlier, according to NASAA.