State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Regulators Approve Guideline for Index-Linked Variable Annuities
By Allison BellAnother NAIC change could affect efforts to show clients how indexed universal life policies might work.
March 23, 2023
Advisor Tells Regulators That Life Illustrations Are Just Too SimpleNAIC panels are also discussing AI, fast underwriting and guarantees from dead banks.
March 23, 2023
CalPERS Agrees to $820M Long-Term Care Insurance Rate Suit SettlementPolicyholders have been fighting CalPERS in court since 2013.
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.
March 17, 2023
NASAA Lowers Passing Score for Series 65 ExamContent of the Series 63, 65 and 66 exams will also be updated; the changes take effect in June.
March 17, 2023
Some State Regulators Frown on Life-Long-Term Care Combo ProductsCritics fear that consumers may not understand what they're getting.
March 15, 2023
DOJ Arrests Chinese Billionaire and Steve Bannon Associate in $1B Fraud SchemeExiled businessman Guo Wengui, an associate of the former White House advisor, was "a serial fraudster," according to the SEC.