New York
Get the latest news and insights on New York's financial regulations, enforcement actions and litigation.
SALT Deduction Cap Stays in Place After Supreme Court Rejects New York Challenge
By Aysha Bagchi, Perry Cooper, | Donna BorakThe court declined to review a constitutional challenge to the $10,000 cap on state and local tax deductions set by Congress in 2017.
March 14, 2022
10 State Retirement and Annuity Bills to WatchIssues on the table include taxation of annuity income and efforts to update sales standards.
March 07, 2022
Ex-LPL Rep Who Put Clients' Funds in Tequila Company Takes Shots From FINRAThe former LPL and Royal Alliance broker has been suspended for seven months and fined $5,000.
January 24, 2022
New York May Develop Life Policy Disclosure RulesThe NAIC gave up on an effort to draft national standards and told states to experiment.
January 14, 2022
Ex-Broker Gets 17.5 Years in Prison for 'Masterminding' Ponzi SchemeAt least 1,000 investors were bilked out of more than $100 million over a decade, according to the Justice Department.
January 04, 2022
Precious Metals Firm Ordered to Pay $6M Over Hidden CommissionsThe firm and its founder allegedly solicited millions in investments while fraudulently charging commissions as high as 33%.
January 04, 2022
Morgan Stanley to Pay $60M Over Data BreachesThe firm allegedly failed to wipe client data from computer equipment it decommissioned and resold.
December 21, 2021
Ex-OppenheimerFunds Analyst Pleads Guilty to Securities FraudThe New York funds analyst had been accused of misappropriating confidential info on pending trades by his employer.