State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
May Court Date Set for Suspect in BofA Exec Michelle Avan's Killing
By Jeff BermanThe next hearing for Anthony Duwayne Turner is scheduled for May 18, according to the district attorney's office.
April 15, 2022
Ex-UBS Rep Who Spent Client Money on Girlfriends' Gifts Pleads GuiltyThe former broker could spend up to 60 years in prison.
April 14, 2022
Ex-Head of RIA Sentenced to 12 Years in Prison Over $120M ScamThe former IIG managing partner and CIO was also sentenced to three years of supervised release.
April 07, 2022
FINRA Bars Ex-Cetera Rep Who Used Client Money to Buy Her Son Mutual FundsCetera terminated the former broker after investigating her for allegedly converting over $40,000 from three older clients.
March 31, 2022
Kitces: The Big Mistake That Led to Massachusetts Fiduciary Rule's DemiseThe state "took the wrong approach to begin with" in enforcing the rule against Robinhood, Kitces opined.
March 31, 2022
Massachusetts Fiduciary Rule Struck Down in Robinhood CaseThe ruling is a victory for Robinhood; Massachusetts' top securities regulator, William Galvin, is considering an appeal.
March 28, 2022
Ex-Broker Sentenced to Over 4 Years in Prison for Elder FraudThe ex-rep, who worked for Morgan Stanley before the fraud took place, also must pay over $968,000 to the victims.
March 18, 2022
Galvin Asks BDs If They'll Raise Sweep Account Interest Rates After Fed Hike"Consumers are being squeezed right now," said Massachusetts' top securities regulator, William Galvin.