Oregon financial regulators have reached a settlement with a precious metals dealer that allegedly targeted hundreds of elderly people in 30 states who sunk millions of dollars into overpriced silver and gold coins. The Oregon Division of Financial Regulation on Thursday, Oct. 27, announced the settlement, which stems from a federal lawsuit Oregon and 29…
News coverage of insurance industry and financial advisor regulation.
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President Biden to announce new actions to protect retirement security by cracking Down on junk fees in retirement investment advice.
Biden Labor Department taking direct aim at FIAs in new fiduciary rule
Federal regulators are taking yet another crack at extending a fiduciary rule to annuity sales, this time with tighter messaging and full-throated White House backing.
State attorneys general appeal court decision upholding Biden ESG rule
A group of 26 state attorneys general are appealing a federal court decision to uphold the Biden administration’s ESG rule.
NEW YORK— Donald Trump is once again lashing out at the Manhattan judge presiding over his civil fraud trial in New York. The former president on Saturday took to his social media platform to attack "Trump-hating" Judge Arthur Engoron a day after he issued a ruling ordering Trump's eldest daughter, Ivanka Trump, to testify in the case. In June, an appeals court…
Suffolk man pleads guilty to $2 M health insurance fraud scheme. Jessica D. Aber, U.S. Attorney for the Eastern District of Virginia; Brian Dugan, Special Agent in Charge of the FBI' s Norfolk Field Office; and Maureen R. Dixon, Special Agent in Charge of the Office of Inspector General for the U.S. Department of Health and Human Services, made the announcement after U.S.
PIABA continues effort to prevent erasure of consumer complaints
A campaign prevent widespread erasure of consumer complaints from regulator databases has made progress, but most are expunged on request.
Calif. annuity legislation must pass by 2025 to avoid ‘dual regulation’
Legislation that would make California the 41st state to adopt best-interest annuity sales rules stalls amid pushback from consumer groups.
–A New York judge asked former President Trump to pipe down after he grew animated while a witness testified against him in his civil fraud trial. Judge Arthur Engoron issued the warning after Trump threw his hands up in frustration and conferred with his lawyers during real estate appraiser Doug Larson's second day of testimony, according to The Associated…