State Regulation
Get the latest news and insights on the Securities and Exchange Commission's' financial regulations, enforcement actions and related activities.
May 31, 2024
Annuities' Non-U.S. Reinsurers May Face New TestsSome fear that offshore reinsurance arrangements could hollow out the assets supporting the benefits.
May 28, 2024
South Carolina Adopts Insurance Rules Protecting Living Organ DonorsSimilar bills pending in Congress have strong bipartisan support.
May 24, 2024
Debate: Do State Auto-IRA Programs Benefit Taxpayers?One take: These accounts are no substitute for a federal mandate for businesses to offer reirement plans.
May 22, 2024
Connecticut Puts Phoenix Life and Annuity Issuer in RehabThe move will limit the amount of cash life and annuity customers can get from sources backed by PHL's own assets.
May 22, 2024
Massachusetts Risks $1B in Lost Tax Revenue as Rich FleeThe state recently enacted a 4% surcharge on income over $1 million, which generated about $1.8 billion in revenue over nine months.
May 21, 2024
Louisiana Moves to Adopt NAIC's Annuity Suitability UpdateOne question is what adoption will mean in light of the new DOL fiduciary rule requirements.
May 20, 2024
Ex-Advisor Convicted of Swindling Couple Out of $1MJeffrey Slothower used client money to pay for a Mercedes and a country club, DOJ says.
May 02, 2024
This Overlooked Secure 2.0 Change Helps Business-Owning SpousesThe law created two important exceptions that can help owners of closely held businesses offer retirement plans.
May 01, 2024
15 U.S. Cities Where It Takes the Most Income to Be Middle ClassIn six cities, a household can bring in more than $300,000 and still fit the definition, SmartAsset found.
April 30, 2024
New Arraignment Set for LPL Network Firm Worker Charged in Double SlayingThe arraignment, scheduled for May 24, follows a preliminary hearing last August for Ramy Hany Mounir Fahim.