State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Regulators Ask for Advice About Indexed Universal Life Illustrations
By Allison BellOne option on an NAIC panel's list is to leave the current rules alone.
August 18, 2022
Galvin Launches Sweep of Single-Stock ETFsMassachusetts Securities Division's sweep of three broker-dealers focuses on the issuance of single-stock ETFs to retail investors.
August 17, 2022
MassMutual BD Fined $250K, Ex-Broker Barred for FraudRegulators in Massachusetts say MLS Investment Services failed to supervise Charles Evan, who pressured clients into buying unsuitable insurance products.
August 16, 2022
Equitable Holdings Picks Global Atlantic to Reinsure $10B in Group Annuity ValueThe deal is a response to New York state's new variable annuity reserving requirements.
August 15, 2022
Ex-Pruco Securities Rep Suspended by CFP Board Over Child Porn ChargesThe news follows the arrest in Delaware and charging of the former broker with five counts of dealing in child pornography.
August 09, 2022
J.P. Morgan Fined Another $200K Over Broker's Unsuitable Trades in His Grandma's AccountThe firm didn't reasonably supervise an ex-broker who filled his grandmother's account with structured products, FINRA said.
August 05, 2022
Ex-Rep Booted Over Claims of Racism Sues LPL for $95MThe broker-dealer ended its affiliation with Eileen Cure after claims surfaced online that she had refused to hire Black job-seekers.
August 05, 2022
NASAA Extends Comment Period on REIT ProposalThe comment period has been extended another 30 days.