State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
Robinhood Slammed for Marketing Tactics, Outages in State Fiduciary Rule Case
By Jeff BermanThe state also cited Robinhood's high rate of approval of options trading for inexperienced investors. The firm denies the charges.
December 08, 2020
LPL Eyes Midwest Base With Waddell & Reed DealThe broker-dealer also expects little to no repapering for W&R clients and that it will retain 70%-plus of W&R's 921 advisors.
December 07, 2020
Merrill to Pay Record $26M to Settle Churning CaseThe firm failed to supervise an ex-broker who allegedly traded excessively in clients' accounts without authorization, New Hampshire regulators say.
December 07, 2020
Goldman Plans to Move Asset Managers From New York to This StateThe deliberations at the Wall Street icon, often a trendsetter for the industry, are aimed at cutting costs.
December 04, 2020
Draft Suitability Guide Could Shape How States Regulate Annuity SalesArizona, Iowa and Rhode Island have already adopted the NAIC's model update. Commenters, including Michael Kitces, speak up.
December 04, 2020
Illinois Insurance Director to Leave Post: Personnel MovesPrincipal, Anthem, Oscar, FamilyWealth and GoHealth also have personnel moves announcements.
December 03, 2020
10 Worst State COVID-19 Death Rates, From a Leaked Government ReportAn advocacy group posts the closely held 50-state version of a recent White House Coronavirus Task Force report.
December 01, 2020
Delaware Floats 'Best Interest' Rule for Annuity SalesLike rules adopted by Arizona, Iowa and Rhode Island, Delaware's proposal would align with the SEC's Regulation Best Interest.