State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Ex-Schwab Employee Alleges Racial, Religious Discrimination
By Dinah Wisenberg BrinAmong other contentions, the ex-employee says Schwab failed to accommodate his religiously required vegan diet.
November 20, 2023
New York Life Faces Hiring Suit Linked to Adult FilmThe applicant says the company withdrew a job offer because of a work made and distributed against her will.
November 16, 2023
Morgan Stanley to Pay 6 States $6.5M Over Client Data SecurityThe firm failed to erase customer information from old hard drives and servers before auctioning them off.
November 14, 2023
Advisors Selling Annuities, Beware: CFP Standards and NAIC Annuity Sales Rules DifferWhen CFP Board rules are stricter than NAIC rules, CFPs must follow the higher standard of care.
November 10, 2023
Webull Fined $500K for Lack of Compliance TeamAt times, the firm had only one compliance employee for hundreds of thousands of accounts, state regulators said.
November 09, 2023
BofA Accused of Aiding Elder Financial AbuseA woman with a Merrill account claims scammers took $690,000 from her after she visited a California branch of the bank.
October 31, 2023
Draft Labor Regulations Allow Annuity CommissionsFiduciary disclosure rules would change, and sales-based awards for independent producers would be out.
October 31, 2023
Wells Fargo Sued Over Customer's Missing JewelryA Los Angeles resident accuses the bank and other defendants of stealing at least $32,000 in valuables.