State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
FBI Warns of Fake Crypto Apps Spoofing Financial Institutions
By Melanie WaddellThe FBI said that it has identified 244 victims and estimates the approximate loss associated with this activity to be $42.7 million.
July 15, 2022
Some State Lawmakers Troubled by Private Equity's Growing Life & Annuity StakeSome legislators worry private equity fund deals might be moving blocks of business from strong insurers to less-credible insurers.
July 14, 2022
Ex-Broker Charged With Murdering BofA Exec Wins Right to See Police FilesAnthony Duwayne Turner, charged with killing his ex-girlfriend Michelle Avan, can examine files for evidence of police misconduct.
July 12, 2022
Barred Broker Sentenced to Prison for $12M Ponzi SchemeMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
July 06, 2022
Vanguard to Pay $6.25M Over TDF Tax Bills in MassachusettsA massive cut to investment minimums for institutional shares left small investors with a huge tax liability.
July 06, 2022
Barred Broker Who Did Merrill Stint Indicted in $100M Crypto ScamJoshua David Nicholas and two other defendants were charged with conspiracy to commit wire fraud and securities fraud.
June 27, 2022
Regulators Need a Fictional Variable Annuity IssuerThe NAIC plans to hire consultants to design a "variable annuity model office."
June 27, 2022
Offshore Reinsurers Back Many of Your Clients' Life and Annuity ArrangementsNorthwestern Mutual wants to see the regulators keep use of offshore reinsurance from affecting insurers' solvency.