| SEC Reveals 2016 Examination Priorities |
| The Securities and Exchange Commission updated its examination priorities for 2016, and while much of the focus remains the same, some new areas of concentration are emerging, especially around liquidity controls and cybersecurity.
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| JP Morgan Will Pay $150 Million Over Risk Disclosures |
| It’s been several years since financial media headlines railed against the “London Whale” trading difficulties at J.P. Morgan, but at least one related securities lawsuit involving retirement plans is still unfolding in the federal courts.
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| Court Rejects Excessive Fee Claims Against Principal |
| A circuit court has agreed that Principal Financial Group was not acting as a fiduciary under ERISA when it entered into a contract with an employer to offer separately managed accounts.
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| Days of AUM-Based Fees (Slowly) Waning |
| One pair of advisory industry experts suggest the assets under management-based fee model has stuck around mainly because financial services consumers don’t understand how advisers make pricing decisions or how much diversity actually exists in compensation models.
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