SEC Looks to Overhaul Regs SCI, SP
The SEC’s proposed updates would expand the institutions subject to various data security requirements and strengthen data breach notification requirements.
Compliance
Biden’s First Veto Keeps DOL’s ESG Rule in Place
The president followed through on his promise to veto a Congressional attempt to nix a DOL rule allowing ESG investing...
Complying With the Custody Rule and the New Custody Proposal
Experts explained common compliance mistakes involving the custody rule and spoke to the new custody rule proposal.
Anti-ESG States Continue Organizing
Policy experts say that ESG policy is likely to be most active at the state level.
SEC Reopens Comment Period for Proposed Cybersecurity Rules
The rules from the February 2022 proposal include new recordkeeping requirements, and industry actors requested more time to review them.
LinkedIn Will Pay Out $6.75 Million for 401(k) Participant Complaint
The firm was hit with a complaint for allegedly keeping a Fidelity fund without moving to options that were less...
Complying With SEC Marketing Rule: Don’t Say What You Can’t Prove
SEC officials and compliance experts say that proving statements of fact should be at the top of advisers’ to-do list...
SEC’s Uyeda Expresses Concern about SEC Overreach
Republican commissioner specifically mentioned the new outsourcing rule, pay-to-play enforcement and compliance periods for SEC rules.
White House Budget Proposal Increases Funding for DOL Enforcement Actions
President Joe Biden’s proposal for fiscal 2024 also provides Social Security Administration, IRS with more money to improve customer service.
Biden’s 2024 Budget Proposes Certain Investment-Related Taxes
The president’s budget increases various taxes such as those on capital gains for millionaires and stock buybacks.
EBSA Announces Three-Part Webinar Series on Fiduciary Duties
The webinars will cover retirement plans and group health plans.
Senators Propose Legislation to Encourage Social Security Literacy
The legislators want to increase the clarity and number of paper statements workers receive from the Social Security Administration to...
Managing Investment Risk in Chinese Assets
An expert panel hosted by CII discussed the risks of investing in China and what it means for retirement plan...
Five New Members Added to ERISA Advisory Council
The five new members join the Council, totaling 15 members, who give advice to the DOL on ERISA regulatory matters.
401(k) Participant Drops Data Breach Suit Against Transamerica
Class action plaintiff complaint files a motion to dismiss the suit against the retirement recordkeeper.
Gensler Says SEC Agnostic On Green Investing, Seeks Improved Disclosure
The SEC chair told a room of institutional investors that the regulator is “merit neutral” on how investors use climate-related...
Senators Propose Repealing Social Security Cuts to Public Pensioners
The Social Security Fairness Act would repeal two provisions that reduce payments to many retirees collecting public pensions.
Senate Joins House in Refuting DOL’s ESG Rule
A resolution to nullify the DOL's rule permitting ESG investing in retirement plans will now go to President Joe Biden,...
What Resumption of Student Loan Payments Would Mean for Employers
With pundits saying the Supreme Court will likely strike down student debt forgiveness, employers and providers are getting ready to...
House Passes Resolution to Repeal DOL 401(k) ESG Rule
The resolution catalyzes the debate over whether to allow ESG investing considerations in retirement savings plans, with the Senate next...