DOL’s Hauser ‘Comfortable’ New Fiduciary Rule Addresses Prior 5th Circuit Rebuttal
The official made the comments to a legal association a few days after the FACC filed a motion to pause...
Compliance
SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal
The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Digital Assets Legislation Passes House of Representatives
The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...
T+1 Cycle to Start May 28
Beginning in one week, broker/dealers must settle transactions by the next business day.
Reg S-P Requires Advisers to Inform Customers of Data Breaches
In addition to other registrants, advisers will have 30 days to inform their clients of any substantial data breach.
ESOP Appraisal Proposal Expected in Coming Months
EBSA has not, however, set a hard deadline for the much-anticipated proposal.
Biden Imposes New Tariffs on Chinese Steel, EVs
The tariffs affect many industries, but are relatively small in scope.
New DOL Fiduciary Rule: Top 5 Facts Advisers Should Know
ERISA experts from Faegre Drinker Biddle & Reath provide guidance to registered investment advisers on the DOL’s new Retirement Security...
Legislation Introduced That Would Reverse Retirement Security Rule
The Congressional Review Act resolution is unlikely to survive a presidential veto.
QDIAs To Receive ERISA Advisory Council Review
The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
AT&T Fee Lawsuit Could Reach Supreme Court Next Year
Industry groups asked the Supreme Court to resolve an ERISA-related appeals court split.
Ann Orr Replaces Gordon Hartogensis as PBGC Acting Director
Hartogensis’ term expired at the end of April.
A Road Map for Congress to Increase DB Plan Use
NIRS offers 6 recommendations for boosting DB use in the private sector, starting with lowering insurance premiums.
IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule
Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
House Republicans Look to Curtail SEC Enforcement and Settlement Authorities
The bills under review on Tuesday would effectively limit the settlement amounts that the SEC can impose.
J.P. Morgan Sued For Data Exposure
A new lawsuit alleges J.P. Morgan Chase & Co. lacked adequate protocols to thwart a recent breach, resulting in the...
PTE 2020-02 and Compensation-Related Conflicts
PTE 2020-02 does not explicitly ban any adviser practices, but does require reasonable conflict mitigation policies regarding compensation.
IRS Clarifies SECURE 2.0 W-2 Changes
Roth contributions, natural disasters and de minimis incentives could require tax reporting changes.
What the Fiduciary Rule Means for Investment Menu Advisement
Advisers may have to revisit their menu designs for small businesses, but compliance with this part of the rule is...