State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
California Supreme Court Applies Life Policy Termination Rules to Pre-2013 Policies
By Allison BellThe court says the state's grace period and notice law affect policies issued before the Jan. 1, 2013, effective date.
August 20, 2021
Health Care Group to Pay $2M for Misleading ClientsHealth Plan Intermediaries Holdings left consumers with limited coverage and tens of thousands of dollars in bills, says California's insurance commissioner.
August 17, 2021
RIAs Took $36M in Excess PPP Loans: StudyIn another study on PPP loan fraud, 45% of loans by fintech lenders were deemed questionable.
August 13, 2021
Ex-Merrill Broker Gets 3.5 Years in Prison for Defrauding ClientsOne of the swindled clients had received a $5 million settlement for being wrongly convicted of kidnapping and murder.
August 12, 2021
Maryland Securities Commissioner Lubin Elected NASAA PresidentLubin will assume the new role on Sept. 21.
August 10, 2021
Jefferson National to Pay $150K Penalty Over Annuity SalesThe life insurer also will repay $14,000 to an 86-year-old consumer who purchased an annuity she didn't understand.
August 09, 2021
Biden Extends Federal Student Loan Payment PauseThe hold on federal student loan repayments, interest and collections has been extended until Jan. 31, 2022.