Massachusetts
Get the latest news and insights on financial regulations, enforcement actions and litigation in Massachusetts.
JPMorgan, Morgan Stanley Face Regulatory Scrutiny Over AI Use
By Melanie WaddellMassachusetts' top securities regulator says he's concerned about "the growing and potentially unchecked use" of AI.
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.
January 13, 2023
'Taxachusetts' Revived in New England After Millionaire SurtaxMassachusetts voted in favor of imposing a 4% surtax on taxable incomes over $1 million after a closely fought campaign.
December 20, 2022
NAIC Task Force Adopts Index-Linked Variable Annuity GuidelinesThe industry may finally adopt a standard name for this variable-annuity product.
December 15, 2022
Massachusetts Adopts Annuity Sales RegulationsSupporters of the Regulation Best Interest-based approach see 37 actual or pending approvals.