Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
October 29th, 2019

‘FINRA Settlement Expungement Process Is Broken’

FINRA is advancing a proposal to modernize the process by which brokers can clear their records of past customer disputes, but one former regulator questions whether the proposed approach fixes some fundamental issues of transparency and fairness for consumers. Read more >
Odds of SECURE Act Passage This Year Pinned at ‘Less Than 50-50’
While parties on both sides of the political spectrum are pushing for passage of the SECURE Act, one Washington insider who helped implement the Pension Protection Act says the odds of passage this year aren’t exactly great. Read more >
401(k) Participant Files ERISA Lawsuit Against Goldman Sachs
A participant in the Goldman Sachs 401(k) plan has sued the company, its retirement plan committee, and individual committee members, alleging they have breached their fiduciary duties and engaged in unlawful self-dealing with respect to the plan in violation of the Employee Retirement Income Security Act. Read more >
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A New World and New Opportunities for Alpha
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Show plan participants how to redefine retirement
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Judge Recommends Columbia University ERISA Suit Moves Forward
A magistrate judge found that there are genuine issues of material fact as to whether Columbia acted prudently throughout the class period by not consolidating to a single recordkeeper. Read more >
‘Smart Money’ Says 2nd Circuit Won’t Halt SEC Regulation Best Interest
Advisory firms waiting to see whether the 2nd Circuit will delay or outright halt the implementation of the SEC’s Regulation Best Interest are wasting precious time. Read more >
Market Mirror
Yesterday, the Dow gained 132.66 points (0.49%) to finish at 27,090.72, the NASDAQ closed 82.87 points (1.01%) higher at 8,325.99, and the S&P 500 increased 16.87 points (0.56%) to 3,039.42. The Russell 2000 was up 13.22 points (0.85%) at 1,571.93, and the Wilshire 5000 climbed 173.10 points (0.56%) to 31,009.32. The price of the 10-year Treasury note was down 4/32, increasing its yield to 1.847%. The price of the 30-year Treasury bond decreased 32/32, bringing its yield up to 2.334%.
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