State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
More States Adopt Advisor CE Requirements
By Thomas D. GiachettiWhile many jurisdictions have adopted rules similar to the NASAA model rule, rules vary from state to state.
August 25, 2022
Policyholder Sues Pru Over Implementation of 100% LTCI Rate HikePrudential points to a policy provision authorizing it to increase premiums.
August 25, 2022
GOP Fury Over ESG Triggers Backlash With U.S. Pensions at RiskThe move by Florida's governor to ban state pension funds from ESG screening endangers some Americans' retirement savings, investment professionals say. .
August 22, 2022
Regulators Ask for Advice About Indexed Universal Life IllustrationsOne option on an NAIC panel's list is to leave the current rules alone.
August 19, 2022
John Hancock to Pay $26.3M Over Canceled LTCI PoliciesThe life and health insurer reviewed its records and found 156 terminations affected by errors in New York.
August 19, 2022
Morgan Stanley's $10.2M Deal Over Advisor Expenses Heads Back to CourtThe settlement is tied to a class-action complaint that the firm didn't correctly reimburse some 3,000 advisors.
August 18, 2022
Galvin Launches Sweep of Single-Stock ETFsMassachusetts Securities Division's sweep of three broker-dealers focuses on the issuance of single-stock ETFs to retail investors.
August 17, 2022
MassMutual BD Fined $250K, Ex-Broker Barred for FraudRegulators in Massachusetts say MLS Investment Services failed to supervise Charles Evan, who pressured clients into buying unsuitable insurance products.