Massachusetts
Get the latest news and insights on financial regulations, enforcement actions and litigation in Massachusetts.
Massachusetts Doubles Estate Tax Exemption
By Melanie WaddellYet the state is still "one of the most expensive places to die," Ed Slott says.
August 03, 2023
JPMorgan, Morgan Stanley Face Regulatory Scrutiny Over AI UseMassachusetts' top securities regulator says he's concerned about "the growing and potentially unchecked use" of AI.
July 24, 2023
Advisor Fights SEC in Annuity Switching CaseJeffrey Cutter didn't violate the Advisers Act because he was acting as an insurance agent, his lawyers argue.
May 01, 2023
Stifel Fined $2.5M Over Broker's Shady Trades for Seniors, ChurchStifel allowed a broker to reap excessive fees and commissions for years, Massachusetts regulators say.
April 14, 2023
Galvin Appeals Robinhood Ruling That Struck Down State's Fiduciary RuleThe office of Massachusetts' top securities regulator said oral arguments in the case are now set for May 3.
March 21, 2023
Advisor Charged With Defrauding Clients in Annuity Switching SchemeClients incurred over $640,000 in surrender charges, according to the SEC.
March 21, 2023
Ex-Investors Capital Broker Barred for Stealing $250KNick Palky allegedly took the client's savings through forgery after he recommended that she liquidate her money market funds.
February 24, 2023
Ex-Advisor Who Tried to Flee Prosecution Sentenced to 9 YearsSteven Xigoros of Massachusetts defrauded clients of more than $4.3 million and failed to pay taxes, prosecutors said.