Description: NYDFS oversees a wide range of financial institutions, including banks, insurance companies, and securities firms, to ensure the safety, soundness, and integrity of the financial services industry in New York. It has the authority to regulate financial entities, issue licenses, and enforce compliance with state laws.

Scope: Regulations from NYDFS affect investors, investment advisers, and firms in New York, ensuring that market participants adhere to transparency and integrity standards.