SEC, CFTC Propose Raising Compliance Threshold for Private Fund Advisers
More than half of the advisers currently required to file Form PF, a disclosure document, would be exempt if previous...
Compliance
ESG Critic Appointed Head of DOL Policy
Justin Danhof publicized his appointment via a LinkedIn post, but his new position has not been confirmed by the Department...
Labor Secretary Lori Chavez-DeRemer Resigns
Chavez-DeRemer, the third Trump Cabinet member to depart this year, will reportedly take a job in the private sector.
Ameriprise Data Breach Impacts More Than 47,000 People
The breach occurred on March 2 but was discovered on March 18, according to the Maine attorney general’s office.
Genworth 401(k) Class-Action Suit May Head to Rehearing
Plaintiffs say the 4th Circuit’s previous rejection of class certification for thousands of retirement plan participants misinterprets ERISA.
Aronowitz Stands by Revised EBSA Priorities at House Hearing
Daniel Aronowitz told lawmakers his agency remains focused on efficient enforcement and reducing litigation that he said had ‘stifled innovation...
DOL Guidance Calls Proxy Advisers ‘Functional Fiduciaries’
The proxy advisory industry is under intensifying scrutiny from President Donald Trump’s administration.
House Democrats Ask DOL Inspector General to Probe ERISA Advisory Council
More than a year has passed since the council last met; all past members’ terms have ended or have been terminated.
EBSA Lists Enforcement Priorities Ahead of Aronowitz Hearing
Sub-regulatory guidance will be the agency’s focus, rather than ‘regulating by enforcement.’
Unpacking the DOL ‘Safe Harbor’ for Alternative Investments
Courts are not required to treat the Department of Labor’s six-factor test for plan fiduciaries as anything more than one...
Cigna Loses Bid to Stay ERISA Case
A federal judge in Pennsylvania said the case’s outcome does not hinge on the Supreme Court ruling in a separate...
Mississippi Adopts State Auto-IRA, but Tennessee Changes Gears
Tennessee legislators instead advanced a substitute bill changing the focus to Trump Accounts.
USPS Opts for Unprecedented Halt of Pension Payments
The cash-strapped US Postal Service says its suspended contributions to the federal pension program ‘will not affect the benefits of...
SEC Names Securities Lawyer David Woodcock as Director of Enforcement
Woodcock will fill the role on May 4, with interim head Sam Waldon continuing to serve until then.
Former Morgan Stanley Advisers Ask for Class Certification in Deferred Pay Case
The years-long legal battle that has already drawn in the Department of Labor and shifted partly into arbitration.
DOL, SEC, IRS Face Further Cuts With Trump’s Fiscal 2027 Budget
The Department of Labor could lose one-fourth of its budget and more than 2,000 full-time employees.
DOL Issues Advice on Faith-Based Employers’ Retirement Plans
Many “church plans” are exempt from ERISA regulations but offer fewer legal protections for employees.
Weyerhaeuser PRT Complaint Dismissed, But Plaintiffs Could Refile
A district judge ruled the plaintiffs had standing, allowing them to amend and refile their pension risk transfer lawsuit.
BNY, Robinhood Selected by Treasury to Run Trump Accounts
So far the Department of the Treasury has not specified whether other firms will help set up or administer the...
Chicago Judge Greenlights ESOP Class Action Suit
The consulting firm West Monroe Partners is charged with shortchanging workers who cashed out of its defined contribution employee stock...