Walsh Could Be Confirmed Monday, Gensler Vote Less Clear
Sources say there is a good chance Boston Mayor Marty Walsh will be confirmed by the full U.S. Senate Monday afternoon, but they are less sure about the...
Compliance
SEC Seeks Public Input on Climate Change Disclosures
The commission aims to determine if the current disclosures adequately inform investors.
Lawsuit Against MEP Takes Issue With Share Classes, Revenue Sharing
Fiduciaries of the multiple employer plan of professional employer organization (PEO) Nextep, Inc. are being sued over excessive investment and...
GAO Turns to DOL for Additional Cybersecurity Guidance
The Government Accountability Office calls for more guidance on cybersecurity matters and lists recommendations for the DOL to implement.
Magistrate Judge: Lawsuit Alleging PRT Advice Failures Should Continue
Among the interesting points of legal discussion in the magistrate judge's report is an evaluation of the standard embraced by...
Oklahoma Introduces Bills to Create State-Run Retirement Program
The legislation would require most employers that currently do not offer a retirement plan to offer one.
New Stimulus Package Includes Help for DB Plan Sponsors
Both single-employer plans and multiemployer plans will get help with funding.
Classic ERISA Claims Filed Against USI Insurance Services
The financial services company is facing self-dealing allegations that closely echo those filed—with mixed results—against many of its industry peers.
Split Senate Committee Advances Gensler’s SEC Nomination
The divided committee vote sets the stage for Gary Gensler’s consideration by the full Senate, a step for which the timing remains unclear, given the chamber’s many competing...
DOL Says It Won’t Enforce Final Rules on ESG and Proxy Voting
The department says it will not pursue enforcement actions against any plan fiduciary for failure to comply, and it plans to release further guidance on the issues.
Senators Talk GameStop, Meme Stocks, Payment for Order Flow and More
Who gets to define best execution? Is T+1 or T+2 better for market stability? What even is payment for order...
The Importance of EBSA Disaster Relief Notice 2021-01
The prescheduled phase-out of the coronavirus disaster declaration had created a ‘compliance conundrum,’ which the DOL has now addressed by issuing additional guidance.
Reading Into the SEC’s 2021 Enforcement Priorities
The ongoing implementation of Regulation Best Interest gets top billing in the SEC’s recently published 2021 examination priorities list, though...
Practice of Rebranding Investments Questioned in ERISA Lawsuit
The American Red Cross is accused of allowing excessive investment and recordkeeping fees in its 401(k) plan.
Lockton and Norton Healthcare Agree to Pay $5.75M ERISA Settlement
A newly filed settlement agreement stipulates that Norton Healthcare and Lockton will each pay half of a total settlement of $5.75 million, which will be used to compensate...