January 19th, 2021

Busy Days Ahead for SEC Leadership Chair Gary Gensler Among the more telling chapters in Gensler’s biography is his work helping to draft the Sarbanes-Oxley Act as a senior adviser to former U.S. Senator Paul Sarbanes in the wake of the Enron scandal.  Read more > Retirement Plan Trustee Faces Cybersecurity-Related Lawsuit The lawsuit says the trustee failed to prevent a fraudulent distribution from a participant’s account and is failing to take responsibility. Read more > Lawsuit Says Provider Used Plan to Promote Its Own Funds Associated Banc-Corp is also accused of allowing the plan to pay excessive recordkeeping fees to its subsidiary. Read more > Court Filing Details $13M UPenn 403(b) Lawsuit Settlement Emergence of the settlement details comes after the filing of a stay motion in December. Read more > Investment Product and Service Launches Broadridge Financial Solutions collaborates with AI company; Franklin Templeton releases research hub; Morningstar launches market insights platform; and more. Read more > MOST READ ARTICLES 1 Dissecting TIAA Subsidiary’s $97 Million SEC Rollover Settlement 2 Empower to Acquire Full-Service Retirement Business of Prudential 3 With Prudential Acquisition, Empower Aims for Growth Up to 3x Faster Than Other Recordkeepers 4 ‘Secure Act 2.0’ Likely to Become a Reality 5 Talking Scale With Voya, Sterling Resources Leaders

Active vs. Passive Strategies Which way have investors moved in this recession? Read more > Why Advisers Like LinkedIn The social platform bests others for several reasons Read more > Market Mirror Friday, the Dow was down 177.26 points (0.57%) at 30,814.26, the NASDAQ closed 114.14 points (0.87%) lower at 12,998.50, and the S&P 500 decreased 27.29 points (0.72%) to 3,768.25. The Russell 2000 lost 32.15 points (1.49%) to finish at 2,123.20, and the Wilshire 5000 fell 315.39 points (0.78%) to 39,981.93.   The price of the 10-year Treasury note was up 3/32, decreasing its yield to 1.091%. The price of the 30-year Treasury bond increased 28/32, bringing its yield down to 1.843%.   For the week ending January 15, the Dow was down 0.91%, the NASDAQ fell 1.54%, and the S&P 500 finished 1.48% lower. The Russell 2000 gained 1.51%, and the Wilshire 5000 decreased 1.00%.

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