Proposed Legislation, SEC Rule Would Greatly Expand Electronic Disclosures
A proposed bill and an SEC proposal on the same topic target two different audiences.
Compliance
Government Plans Face Unique Challenges With SECURE 2.0 Implementation
Catch-ups for those aged 60 to 63 and a mandatory Roth source for HCE catch-ups will be problematic for many,...
Pros and Cons of the SEC Market Structure Proposals
The four market structure proposals from December have nuanced interactions and elicited different opinions from industry experts.
Why 529 Education Savings Plans Are More Valuable Than Ever
The SECURE 2.0 Act makes 529s a more appealing investment and potentially an easy financial wellness option for sponsors intimidated...
Powell Says Lowering Inflation to 2% Is ‘Likely to Be Bumpy’
Federal Reserve Chairman Jerome Powell reiterated the Fed’s commitment to lowering inflation.
EBSA Provides More Time for QPAM Exemption Proposal Comments
The proposed changes to the QPAM exemption can now receive public comment until April 6.
Proposed SEC Cybersecurity Rule Requires Prompt Notice to Prevent Contagion
The SEC reopened the comment period on its cybersecurity rule last week, in part so advisers can take more time...
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.
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...