State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Arkansas Adopts NAIC Annuity Model Best Interest Update
By Allison BellArkansas agents and brokers will have six months to begin complying with the new rules.
December 18, 2020
5 States With the Biggest Q3 Drops in Personal IncomePersonal income fell in every state in the quarter ended Sept. 30, according to the Commerce Department.
December 17, 2020
SEC Fines Robinhood $65M for Misleading Investors, Best Execution FailuresThe fine comes a day after Massachusetts regulators charged the brokerage over its marketing practices.
December 16, 2020
Robinhood Slammed for Marketing Tactics, Outages in State Fiduciary Rule CaseThe state also cited Robinhood's high rate of approval of options trading for inexperienced investors. The firm denies the charges.
December 10, 2020
Supreme Court Sides With States in Drug Benefits RulingThe justices held that Arkansas can set payment rules that affect ERISA plans' pharmacy benefits managers.
December 10, 2020
State Street Ending No-Layoff Pledge in 2021Its pledge not to cut jobs because of the pandemic "will go away" next year, says CEO Ron O'Hanley.
December 08, 2020
LPL Eyes Midwest Base With Waddell & Reed DealThe broker-dealer also expects little to no repapering for W&R clients and that it will retain 70%-plus of W&R's 921 advisors.
December 07, 2020
Merrill to Pay Record $26M to Settle Churning CaseThe firm failed to supervise an ex-broker who allegedly traded excessively in clients' accounts without authorization, New Hampshire regulators say.