April 6th, 2020

Share Class Issues, Churning Drive Securities Settlement A settlement secured by Massachusetts financial market regulators from Janny Montgomery Scott underscores the importance of monitoring the share class recommendations being made to clients.  Read more > Coronavirus News for Plan Advisers Focused editorial analysis of market movements, business challenges and legislative and regulatory actions. Read more > Make Way for Self-Promotion Still, the new SEC advertising regulations warrant caution. Read more > Wide-Ranging Legislation What to know, and do, about the SECURE Act. Read more > MOST READ ARTICLES 1 Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business 2 2023 Retirement Plan Adviser of the Year Finalists 3 With SECURE 2.0, the Cash Balance DB Plan May Be Back 4 Biden’s First Veto Keeps DOL’s ESG Rule in Place 5 Complying With the Custody Rule and the New Custody Proposal

‘Made to Stick’ Why do participants opt out of the default investment? Read more > Consolidation Pressures 2019 breaks M&A records. Read more > Market Mirror Friday, the Dow closed 360.91 points (1.69%) lower at 21,052.53, the NASDAQ decreased 114.23 points (1.53%) to 7,373.08, and the S&P 500 was down 38.25 points (1.51%) at 2,488.65. The Russell 2000 fell 33.76 points (3.11%) to 1,052.05, and the Wilshire 5000 lost 462.99 points (1.84%) to finish at 24,736.65.   The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.603%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 1.224%.   For the week ending April 3, the Dow finished 2.70% lower, the NASDAQ was down 1.72%, and the S&P 500 decreased 2.08%. The Russell 2000 fell 7.06%, and the Wilshire 5000 lost 3.00%.

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