Bill strengthening cannabis enforcement clears House
HB 10 gives Cannabis Control Division more authority over illicit activity SANTA FE — A bipartisan bill that would establish an enforcement bureau within the New Mexico Regulation and Licensing Department and expand the Cannabis Control Division’s regulatory authority...
New Mexico joins $106 million settlement with Vanguard over big tax bills
SANTA FE — Today, the New Mexico Securities Division, as part of a task force of state securities regulators and the U.S. Securities and Exchange Commissions (SEC), announced a $106 million settlement with Vanguard Marketing Corporation and The Vanguard Group, Inc....
Securities Division joins $17 million multistate settlement with Edward Jones
Working group finds supervisory failures with Class A mutual fund shares SANTA FE – The New Mexico Securities Division, a member of the North American Securities Administrators Association (NASAA), has joined a $17 million settlement with Edward D. Jones & Co.,...
State seeks additional authority for cannabis regulation
HB10 will create enforcement bureau necessary to stop illegal activity SANTA FE — A bill that would establish an enforcement bureau within the New Mexico Regulation and Licensing Department (NMRLD) and expand the Cannabis Control Division’s regulatory authority was...
New Mexico joins $80 million enforcement action against Block, Inc., Cash App
Action taken for Bank Secrecy Act and anti-money laundering violations SANTA FE – The New Mexico Financial Institutions Division and 47 state financial regulatory agencies announced today they have taken coordinated action against Block, Inc. and its mobile payment...
State joins $20 million multistate settlement against Bayview Asset Management
Settlement comes after mortgage company failed to comply with regulators after data breach SANTA FE — This week, the New Mexico Financial Institutions Division and financial regulatory agencies from 52 other U.S. jurisdictions announced they have taken coordinated...
Consumer Health and Safety Advisory: State orders recall of cannabis products over contamination concerns
November 27, 2024 SANTA FE – The New Mexico Cannabis Control Division (CCD) has issued a consumer health and safety advisory after identifying contaminated cannabis pre-rolls and roll-your-own (RYO) products that tested positive for a prohibited pesticide. The...
Regulation and Licensing seeks additional funding for cannabis enforcement
October 22, 2024 Department proposes $61.6M budget to regulate industries and professions statewide SANTA FE – The New Mexico Regulation and Licensing Department is requesting $61.6 million in total funding for Fiscal Year 2026 to continue its mission of ensuring...
Consumer Health and Safety Advisory: State orders recall of cannabis products over contamination concerns
September 6, 2024 SANTA FE – The New Mexico Cannabis Control Division (CCD) has issued a consumer health and safety advisory after identifying contaminated cannabis flower (bud/shake/trim) that tested positive for a prohibited pesticide. The affected products,...
New Mexico Financial Institutions Division settles with Abra to return cryptocurrency assets
July 1, 2024 SANTA FE —The Financial Institutions Division of the New Mexico Regulation and Licensing Department has joined twenty-four other state financial regulatory agencies in taking collective action against Plutus Financial, Inc., Abra Trading, LLC, Plutus...