Massachusetts
Get the latest news and insights on financial regulations, enforcement actions and litigation in Massachusetts.
Ex-LPL Rep Pleads Guilty to Witness Tampering, Fraud
By Jeff BermanThe barred broker pleaded guilty to fraud and identity theft last year but scrapped the plea deal.
July 06, 2022
Vanguard to Pay $6.25M Over TDF Tax Bills in MassachusettsA massive cut to investment minimums for institutional shares left small investors with a huge tax liability.
March 31, 2022
Kitces: The Big Mistake That Led to Massachusetts Fiduciary Rule's DemiseThe state "took the wrong approach to begin with" in enforcing the rule against Robinhood, Kitces opined.
March 31, 2022
Massachusetts Fiduciary Rule Struck Down in Robinhood CaseThe ruling is a victory for Robinhood; Massachusetts' top securities regulator, William Galvin, is considering an appeal.
March 18, 2022
Galvin Asks BDs If They'll Raise Sweep Account Interest Rates After Fed Hike"Consumers are being squeezed right now," said Massachusetts' top securities regulator, William Galvin.
February 17, 2022
Galvin Charges PKS Investments Over Reps' Leveraged ETF SalesPKS failed to supervise its dually registered BD agents' outside business activities, Massachusetts' top securities regulator said.
January 26, 2022
Galvin Charges Fidelity With Failing to Vet Options TradersThe brokerage allowed customers to reapply with altered information if they were not approved, the Massachusetts regulator says.
January 25, 2022
Vanguard, Other BDs Under Scrutiny Over Target Date Fund Tax BillsAmerican Funds, BlackRock, Fidelity and T. Rowe Price are also targets of the sweep by William Galvin in Massachusetts.