State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Massachusetts Fiduciary Rule Struck Down in Robinhood Case
By Melanie WaddellThe ruling is a victory for Robinhood; Massachusetts' top securities regulator, William Galvin, is considering an appeal.
March 16, 2022
Wisconsin Could OK Annuity Suitability Update SoonNew Mexico and South Dakota recently joined the best interest standard adoption list.
March 14, 2022
10 State Retirement and Annuity Bills to WatchIssues on the table include taxation of annuity income and efforts to update sales standards.
March 07, 2022
Ex-LPL Rep Who Put Clients' Funds in Tequila Company Takes Shots From FINRAThe former LPL and Royal Alliance broker has been suspended for seven months and fined $5,000.
February 17, 2022
Galvin Charges PKS Investments Over Reps' Leveraged ETF SalesPKS failed to supervise its dually registered BD agents' outside business activities, Massachusetts' top securities regulator said.
February 15, 2022
Actor Sentenced to 20 Years in Prison Over $650M Ponzi SchemeZach Avery, whose real name is Zachary Joseph Horwitz, was also ordered to pay $230.4 million in restitution.
January 28, 2022
Why a Privacy Checkup Can Keep You Out of TroubleHere's how to comply with Regulation S-P, which requires that advisors issue privacy notices and protect clients' personal information.
January 27, 2022
NASAA Names New Director of PolicyKristen Hutchens played a key role in securing the recent introduction of a recent senior-protection bill.