Compliance March 7th, 2024 Broker/Dealers Will Be Required by SEC Rule to Disclose More Information on Execution Quality Rule amendments finalized this week will require broker/dealers to share more information on the quality of stock order executions and...
Compliance March 7th, 2024 SEC Unlikely to Abandon Predictive Analytics Proposal, Says Outgoing Division Director William Birdthistle, the Securities and Exchange Commission’s current director of investment management, told an IAA conference the SEC will continue...
Compliance March 6th, 2024 SEC Approves Rule Requiring Public Companies to Disclose Climate Risk, Emissions Public companies will have to disclose their climate risks and scope 1 and 2 emissions.
Compliance March 5th, 2024 Financial Services Institute, Peers Challenge DOL’s Independent Contractor Rule The rule would make it much harder to classify workers, including financial advisers, as independent contractors.
Compliance March 5th, 2024 5 New Members Appointed to ERISA Advisory Council The 15-member panel comes from the retirement and investment industry and advises the Department of Labor on ERISA-related issues.
Compliance March 1st, 2024 Electronic Investor Disclosure Legislation Advances in Congress Both houses are advancing legislation to prioritize electronic delivery of disclosures required by the SEC, while retaining investors’ right to...
Compliance February 29th, 2024 William Birdthistle Leaves SEC Post, to Be Replaced by Natasha Vij Greiner Birdthistle greatly influenced many proposals and rules affecting advisers, including the names rule and the predictive analytics proposal.
Compliance February 29th, 2024 LIMRA, SPARK Partner on Retirement Plan Fraud Prevention The industry organizations plan to issue research and educational materials for plan sponsors regarding how to combat cyber fraud in...
Compliance February 28th, 2024 Senate Committee Advances Julie Su’s DOL Nomination—Again Su advanced to the full Senate by an 11 to 10 vote for the second time in almost a year,...
Compliance February 28th, 2024 FlexPATH, Wood Group Beat TDF-Selection-Based Lawsuit A 401(k) complaint alleging fiduciary imprudence was rebutted in a 70-page review of the committee’s selection and review process.
Compliance February 27th, 2024 New Voluntary Correction Rules Could Be Finalized Soon In ‘the next few months,’ fiduciaries may be allowed to self-correct certain administrative errors.
Compliance February 27th, 2024 Julie Su Faces 2nd Nomination Process to Head DOL After her April 2023 nomination expired at the end of the year, President Joe Biden re-nominated the former California secretary...
Compliance February 21st, 2024 Regulation Best Interest and Individual Retirement Accounts Reg BI requires advisers to consider leaving the client’s assets in their original retirement account.
Compliance February 20th, 2024 Industry Asks IRS to Limit Automatic Features in Merged Plans Specifically, commenters request that single-employer plans not required to have automatic features, should retain that status when joining a MEP...
Compliance February 16th, 2024 TIAA Subsidiary Settles With SEC for $2.2M on IRA Recommendation Charge TIAA-CREF Individual and Institutional Services settled charges of failing to comply with Regulation Best Interest.
Compliance February 15th, 2024 EBRI Appoints New Leaders to Board of Trustees Sandy McCarthy of One America will chair the executive committee, and Lisa Margeson of Bank of America will chair the...
Compliance February 15th, 2024 Smaller Accounts, Insurance Product Impact Debated at Hearing on Fiduciary Proposal Witnesses called to testify at a House hearing disputed whether small balances would still be served under the retirement security...
Compliance February 14th, 2024 Gensler Defends SEC’s Predictive Analytics and Conflicts of Interest Proposal Artificial intelligence still presents unique systemic and compliance risks that are not easily disclosed, he argued.
Compliance February 13th, 2024 EBSA Recovered $1.4B in Retirement, Health Benefits in ’23 Head Lisa Gomez points to education and outreach growth as important outcomes, along with recovered funds and relief.
Compliance February 13th, 2024 Retirement Security Proposal Addresses ‘Significant Gaps,’ EBSA Official Says PLANADVISER interviewed Tim Hauser of EBSA on the retirement security proposal.