California
Get the latest news and insights on California's financial regulations, enforcement actions and litigation.
New Arraignment Set for LPL Network Firm Worker Charged in Double Slaying
By Dinah Wisenberg BrinThe arraignment, scheduled for May 24, follows a preliminary hearing last August for Ramy Hany Mounir Fahim.
February 29, 2024
California Governor Signs Annuity Best Interest Sales Rule BillGavin Newsom's support for the NAIC approach could stop the DOL fiduciary definition proposal.
February 23, 2024
California Legislature OKs Annuity Sales Rule UpdateApproval gives Gov. Gavin Newsom a chance to weigh in on financial services regulation.
February 08, 2024
Arraignment Set for LPL Network Firm Employee Charged With Double MurderRamy Fahim is accused of killing co-worker Griffin Cuomo and Cuomo's roommate, Jonathan Bahm.
February 05, 2024
Yes, Annuity Issuers Can FailHere are five things to think about when evaluating the companies backing the income guarantees.
January 31, 2024
Allianz Life Responds to Suit Involving Agent Oversight QuestionsThe company asserts that, under California law, an insurer is not a fiduciary for its insured.
January 29, 2024
Federal Court Rules in Favor of Allstate in Privacy CaseThe suit is part of a big wave of California cases aimed at companies that used standard traffic analysis services.
January 19, 2024
Consumer Groups Attack Annuity Bill in California"It feels like the fix is in" on an NAIC model-based bill, the director of one group said.