A Cockeysville, Md., man and Certified Financial Planner was recently publicly admonished for his actions in conjunction with the sale of Class B mutual fund shares, according to the CFP …  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 →

Congress might consider reversing the idiotic Rule 151A, which brings indexed annuities into line with securities and thus under the purview of the SEC, effectively shutting insurance agents out of …  Read →

The National Association of Insurance Commissioners is throwing its support behind proposed legislation to reverse a pending move by the U.S. Securities and Exchange Commission to classify indexed annuities as …  Read →

Delaware’s Secretary of Health and Social Services said she is “very disappointed” that one of the nation’s largest drugstore chains, Walgreens, will withdraw from the state’s Medicaid program, citing reimbursement …  Read →

As employer-sponsored retirement plans have increased their use, the Certified Financial Planner Board of Standards wants the federal government to prohibit target date funds from serving as default investments in …  Read →

The former head of the National Association of Professional Financial Advisors (NAPFA) and a local Financial Planning Association (FPA) chapter has been accused in a $1.2 million fraud and kickback …  Read →

Tampa, Fla.-based WellCare Health Plans has agreed to a $10 million settlement with the U.S. Securities and Exchange, regarding an informal investigation into its financial filings.

WellCare agreed to the final …  Read →

A new online tool from the National Association of Insurance Commissioners is helping more than 14,000 members of the U.S. military learn more about a multi-state regulatory settlement that may …  Read →

The former chief financial officer of General Re was sentenced to 18 months in prison for her role in a fraudulent scheme to manipulate American International Group‘s financial statements.

Elizabeth A. …  Read →