State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
New York State Life Beneficiaries File COVID-19 Grace Period Suit
By Allison BellThe beneficiaries say insurers had a duty to provide clear information about a grace period extension.
June 17, 2022
New Principal Financial General Counsel Was a Prosecutor: Executive ChangesUSAA, MetLife and PartnerRe also have personnel news.
June 13, 2022
Wells Fargo in Criminal Probe Over Fake Job Interviews: ReportThe U.S. attorney's office in Manhattan is investigating, according to The New York Times.
June 13, 2022
South Carolina Withdraws From Interstate Insurance CompactThe state has objected to how the compact is handling long-term care insurance rate increase requests.
June 08, 2022
Incumbent Ricardo Lara Leads in California Insurance Commissioner PrimaryThe winner could play a major role in whether the U.S. moves toward a non-variable annuity sales standard.
June 07, 2022
Fake Financial Advisor Gets 4.5 Years in Prison for FraudThe defendant used some of the $3 million scammed from clients for gambling and to make Ponzi payments.
May 27, 2022
Robinhood Reaches Settlement of Suits Over 2020 Trading OutageMultiple investors sued Robinhood in several states, mostly alleging restrictions by the trading platform that amounted to a breach of contract.
May 24, 2022
Ex-Wells Fargo Exec Who Alleged Fake Job Interviews Plans to Sue Over His FiringJoe Bruno says he was terminated for complaining that women and minorities were interviewed for already-filled roles.