New York
Get the latest news and insights on New York's financial regulations, enforcement actions and litigation.
John Hancock to Pay $26.3M Over Canceled LTCI Policies
By Allison BellThe life and health insurer reviewed its records and found 156 terminations affected by errors in New York.
July 12, 2022
Barred Broker Sentenced to Prison for $12M Ponzi SchemeMatthew Eckstein will get up to 10.5 years in prison for his role in bilking more than 50 investors, the prosecutor said.
June 22, 2022
New York State Life Beneficiaries File COVID-19 Grace Period SuitThe beneficiaries say insurers had a duty to provide clear information about a grace period extension.
June 17, 2022
New Principal Financial General Counsel Was a Prosecutor: Executive ChangesUSAA, MetLife and PartnerRe also have personnel news.
June 13, 2022
Wells Fargo in Criminal Probe Over Fake Job Interviews: ReportThe U.S. attorney's office in Manhattan is investigating, according to The New York Times.
May 23, 2022
New York State Dings Nationwide Over Immediate Annuity SalesEmpire State regulators say shifting assets from a deferred contract to an immediate contract is still an exchange.
May 20, 2022
Wells Fargo Ordered by Arb Panel to Pay Ex-Credit Suisse Rep Over $987KThe broker accused the wirehouse of "aiding and abetting Credit Suisse's scheme to steal" his deferred compensation.
May 19, 2022
Allianz Fund Managers' Paydays Could Be Followed by PrisonProsecutors say Tournant told investors safety was his top priority but secretly took undisclosed risks, resulting in fraud that cost them $7 billion.