Two California life insurance agents received probation and must pay thousands of dollars in restitution after filing faulty applications in order to receive commissions.

The Nevada attorney general’s insurance fraud unit says while losses from a state insurance agent accused of submitting fraudulent policies is small, the cost to insurers and his alleged victims is big.

A former New York securities broker accepted a ban from the securities industry after allegations he defrauded a 90-year old Minnesota man of $511,000.

A pair of Denham Springs, La., insurance agents face the permanent loss of their licenses and will pay a combined $7,750 in fines after regulators found they wrote fraudulent insurance policies to obtain the commissions.

The chairwoman of the U.S. Securities and Exchange Commission is warning broker-dealer firms to be careful with their recruitment efforts, especially when they involve up-front bonuses and other inducements.

Mary …  Read →

A broker-dealer from New York was barred from associating with FINRA members after he submitted false insurance applications for fictitious customers, leading to him receiving $3,379,28 in commissions from an …  Read →

A Birmingham, Ala., broker-dealer, several of its senior officers and a handful of registered representatives, including two in New York, were charged in connection with “rampant churning of customer accounts” …  Read →

While a number of his colleagues are exploring greater rules to force those who sell insurance to disclose their commissions, Virginia Insurance Commissioner Alfred W. Gross thinks regulations already in …  Read →

A New York-based insurance company, Greater New York Mutual Insurance Co., will pay $45,000 for violating Connecticut state insurance laws, including those regarding rebates and premiums.

The fine comes after a …  Read →

Maryland Insurance Commissioner Ralph S. Tyler plans to explore whether to force agents to disclose commissions and other compensation for each insurance transaction.

Following the lead of regulators in New Jersey …  Read →