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Weekday news and analysis for retirement plan advisers
Thursday, February 16, 2023
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SEC Wants Enhanced Protections on Crypto, Other Adviser-Managed Investments
PA-021523-SEC-Custody-Proposal-Amendment-1283415230-web
The proposed changes would amend a custodial rule requiring cryptocurrency exchanges to be run by qualified custodians.
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Retirement Industry Pushes Back on SEC Swing Pricing Proposal
Industry groups filed arguments saying the proposal, intended to put greater burden on “first mover” traders of open-ended funds, would actually hurt everyday workers and retirees.
Today’s Most Read
1. 2023 Retirement Plan Adviser of the Year Finalists
2. Principal Continues Focus on Asset Management, ‘Jet Fuel’ of the Business
3. With SECURE 2.0, the Cash Balance DB Plan May Be Back
Adviser Product Partnerships
Lincoln Financial expands employer wellness offers to student debt management; Docupace brings new productivity toolkit for advisers; digital bank Green Dot adds cash account from Wealthfront; and more.
Bridging the Racial Retirement Gap: A Conversation With Spencer Williams
The CEO and president of the Retirement Clearinghouse talks about his decades-long project with Bob Johnson to implement 401(k) auto-portability.
Register Now For Today's PA Webinar: Advisory Business Models and M&A
Join PLANADVISER today, February 16, for a discussion about the state of the retirement plan advisory industry, how adviser roles are evolving and what aggregator firms can (and cannot) offer advisers. 
Market Mirror Market Mirror Graph

Wednesday, the Dow increased 38.78 points (0.11%) to close at 34,128.05, the Nasdaq increased 110.45 points (0.92%) to close at 12,070.59 and the S&P 500 gained 11.47 points (0.28%) to close at 41,47.60. The Russell 2000 increased 21.06 points (1.09%) to close at 1,960.97 and the Wilshire 5000 gained 197.44 points (0.48%) to close at 41,490.02.

The price of the 10-year Treasury note increased 1/32, bringing the yield to 3.807%. The price of the 30-year Treasury bond increased 1/32, bringing the yield to 3.841%. 

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