State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Allianz Fund Managers' Paydays Could Be Followed by Prison
By Neil Weinberg and David VoreacosProsecutors say Tournant told investors safety was his top priority but secretly took undisclosed risks, resulting in fraud that cost them $7 billion.
May 11, 2022
NJ Advisor Charged With Attempted Robbery, Impersonating PoliceAnthony Naso was charged after a year-and-a-half long investigation.
May 09, 2022
Bill to Fund States' Anti-Fraud Efforts Up For House VoteUnder the bill, the SEC would implement a grant program to help states protect older investors.
May 09, 2022
June Court Date Set for LPL Network Firm Employee Charged in Double MurderRamy Hany Mounir Fahim was charged with killing his co-worker at Pence Wealth Management and the co-worker's roommate.
May 06, 2022
UBS Must Pay Clients $3.9M Over YES Options StrategyA FINRA arbitration panel ruled against the wirehouse in another dispute over its Yield Enhancement Strategy.
May 04, 2022
FINRA Wants to Make It Harder for Brokers to Clear Their RecordsFINRA found its arbitrators granted 78% of requests for expungement, which is supposed to be an "extraordinary" remedy.
April 29, 2022
Ex-Cetera Broker Gets $3M in Damages for Wrongful TerminationIn a FINRA arbitration case, the rep accused the firm of wrongfully terminating him in 2019.
April 27, 2022
California Task Force Plows Ahead With Long-Term Care Insurance EffortThe state is thinking that private plans might pay $3,000 to $6,000 per month for up to two years.