New Jersey Advisers Face ‘ABC’ Test on Independent Contractor Status
The new rules, which critics said would label independent investment advisers and broker/dealers ‘employees,’ go into effect in October.
Advisers Could Retain ‘Independent Contractor’ Status Under Proposed DOL Classifications
The Department of Labor has proposed replacing its 2024 independent contractor rule with a revised version of its 2021 rule,...
Trump Announces New Retirement Plan in State of the Union Speech
The presidents' proposal resembled the Saver’s Match established by SECURE 2.0.
Judge Dismisses Complaint Against Vanguard Over Transfer Fees
A federal judge dismissed a complaint challenging Vanguard Marketing Corp.’s $100 fee for customers who close their brokerage accounts and...
SEC RIA ‘Small Entity’ Redefinition Could Affect M&A
If a large number of firms would be subject to less-burdensome regulatory requirements, it could lead to missteps during integration.
SEC Issues Risk Alert on Investment Advisers’ Compliance With Marketing Rule
The agency’s notice focused on issues concerning the provisions related to testimonials, endorsements and third-party ratings.
DOL Opinion Fuels Clash Over Whether Morgan Stanley’s Adviser Pay Is Really an ERISA Plan
A federal court’s narrow reading of ‘bonus’ pay—and the DOL’s sharply different view—could reshape how Wall Street structures deferred compensation.
Former Morgan Stanley Advisers Sue DOL Over ERISA Ruling
Three ex-brokers allege the Department of Labor unlawfully aided the firm by issuing an advisory opinion that undermined pending compensation...
DOL Will Replace Biden-Era Independent Contractor Rule
The agency has not been enforcing the 2024 rule and will consider a new one, using pre-2024 standards in the...
Fidelity Retirement Accounts Surge Back to Record Highs in Q2
Robust savings and a market rebound pushed balances higher, with ‘401(k) millionaires’ reaching a new peak.
SEC Fines Vanguard and Empower More Than $25M for Adviser Compensation Disclosure Failures
The two companies allegedly provided misleading statements and failed to disclose conflicts to retail and retirement plan investors, according to...