State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
12 States the Young and Wealthy Are Flocking To
By Michael S. FischerBusinesses, governments and advisors in these states are benefiting from the inflow of young, rich professionals.
August 17, 2023
California Closes State-Tax Loophole for Some TrustsClients who have established non-grantor trusts in tax-friendly states should be aware of this new law.
August 16, 2023
New NAIC Rule to Hit Some Life and Annuity Issuer AssetsThe change will affect companies' investments in relatively high-risk slices of asset-backed securities.
August 16, 2023
Maine and Colorado Join Forces on Automatic Retirement SavingsColorado SecureSavings and the Maine Retirement Investment Trust have established a first-of-its-kind partnership, officials say.
August 11, 2023
Ex-LPL Broker Gets 4 Years in Prison for Raiding Older Clients' AnnuitiesOne affected client had dementia and another had suffered a traumatic brain injury, according to the Justice Department.
August 03, 2023
JPMorgan, Morgan Stanley Face Regulatory Scrutiny Over AI UseMassachusetts' top securities regulator says he's concerned about "the growing and potentially unchecked use" of AI.
August 01, 2023
Ex-Cetera Advisor Charged With Defrauding Older Client Out of $2.4MThe SEC also alleges the advisor liquidated the client's holdings and transferred the proceeds to her own accounts.
July 27, 2023
Twin Advisors Indicted on Fraud ChargesAdam and Daniel Kaplan are accused of bilking at least 60 clients out of at least $5 million.