Massachusetts
Get the latest news and insights on financial regulations, enforcement actions and litigation in Massachusetts.
Vanguard to Pay $6.25M Over TDF Tax Bills in Massachusetts
By Dinah Wisenberg BrinA massive cut to investment minimums for institutional shares left small investors with a huge tax liability.
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.
December 13, 2021
7 Worst Bogus Advisors in America: 2021The head of an investment club called Amongst Friends and a dentist were among those accused of running investment scams.
November 22, 2021
Top Advisor News of 2021Some of the most unfortunate developments in the advice industry this year included crime and alleged discrimination.
September 16, 2021
MassMutual to Pay $4M Fine Over 'Roaring Kitty' Posts"It's clear that MassMutual was not as diligent as it should have been in supervising its employees," Galvin said.