How ESG Investing Is Regulated Globally: Rules vs. Principles
A major new report published by ISS ESG suggests regulation remains a major driver of the growth of responsible investment...
Compliance
Facing Criticism for ESG Rules, SEC Unlikely to Back Down
Attorneys who track financial regulations say SEC Chair Gary Gensler has no qualms about pushing forward big, ambitious proposals, even...
SEC Votes to Propose Updated Fund Name Rules, ESG Disclosures for RIAs
Wednesday was a busy day for the U.S. Securities and Exchange Commission, which voted to propose two separate regulations that...
SEC Names Director of Division of Examinations
Leaders at the SEC say the role of the examinations program is critical for capital markets to function well and...
BNY Mellon Adviser Settles SEC Charges Over Greenwashing, Pays $1.5 Million Penalty
Case focused on misstatements and omissions regarding ESG offerings.
Is the Traditional Fiduciary Insurance Model at Risk?
One legal professional at a fiduciary insurance firm argues that the ‘indiscriminate nature’ of recent ERISA lawsuit filings could eventually...
Confirmation Vote Set for Lisa Gomez, EBSA Nominee
The long-awaited full Senate hearing is now on the docket for next week.
NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit
The plaintiffs in the suit, who have already sued their plan sponsor, are now bringing a service provider into the...
Barnabas Health Latest to Settle ERISA Suit
A settlement has been struck in an ERISA lawsuit involving the New Jersey-based health care provider a little more than...
‘Massive’ Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
The SEC says the charges and settlement show even the most sophisticated institutional investors, like pension funds, can become victims...
Physical Presence Requirement Relief Extended Again
The additional extension comes after they IRS solicited public comments on whether relief from the physical presence requirement should be made permanent.
24 States Have Now Adopted the NAIC Annuity Transaction Framework
With South Carolina joining the party, nearly half of all states have now adopted enhanced consumer protections applying to the sale of annuities, as developed by the National...
John Hancock Defeats ERISA Foreign Tax Credit Lawsuit
Though the court previously allowed class certification in the case, a new order firmly rejects the plaintiffs’ arguments that they...
ERISA Class Action Complaint Targets O’Reilly Automotive
The lawsuit closely resembles numerous others previously filed by the law firm Capozzi Adler but adds new argumentation based on...
Another Circuit Court Rules on ERISA Arbitration Rules
The 6th U.S. Circuit Court of Appeals has ruled that certain types of ERISA claims, while brought by individual participants,...