State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Allianz Life Responds to Suit Involving Agent Oversight Questions
By Allison BellThe company asserts that, under California law, an insurer is not a fiduciary for its insured.
January 28, 2024
Calling Clients About Life and Annuities? There Are Laws for ThatThe penalty for a violation can range from $500 to $20,000.
January 26, 2024
Planner Accused of Buying House With $2M in Client FundsThe unregistered planner and an investment advisor received a cease-and-desist order in Indiana.
January 24, 2024
He Fled California Taxes. Now He's Fighting Them in WashingtonWashington has no state income tax but does have a 7% levy on capital gains over $250,000, which raised $900 million its first year.
January 19, 2024
Consumer Groups Attack Annuity Bill in California"It feels like the fix is in" on an NAIC model-based bill, the director of one group said.
January 18, 2024
Bill That Could Narrow CFPB's Insurance Authority Is BackThe bill would keep the bureau from overseeing the insurance activities of persons overseen by state insurance regulators.
January 18, 2024
Ex-Citi Advisor Charged With Fraud in Film Investment SchemeHelen Caldwell solicited clients to invest in her movie projects and spent their money on herself, prosecutors say.
January 18, 2024
Robinhood to Pay $7.5M Over 'Gamification' PracticesThe case resolves a three-year fight with the Massachusetts Securities Division; Robinhood also admitted to a data breach.