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June 24th, 2020 |
| The Alternative WorkplaceRetirement plan practices, now prepared to work remotely, need to stay prepared, says Todd Kading, president and co-founder of LeafHouse Financial, in Austin, Texas. To do this requires an investment in technology, he says.
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Aon and Voya Team on Pooled Employer Plan |
Aon has announced the launch of a new pooled employer plan (PEP) to be recordkept by Voya.
Read more > | | Evaluating Reg BI Compliance | Firms should not assume that they can stop working on their compliance policies and procedures after June 30. The OCIE will look to see which firms “make such modifications as may be necessary and appropriate, in light of information gained from the implementation process and other facts and circumstances.”
Read more > | | Voices: An Uptick in Customer Arbitration? | When there is a downturn in the markets, claims against broker/dealers (B/Ds) and investment advisers tend to increase. For example, 8,945 arbitrations were filed in 2003 in response to the declining markets associated with the “tech wreck.” As markets recovered, claims lessened and reached a low of 3,238 in 2007.
Read more > | | SEC’s Punitive Authority Tested by Latest SCOTUS Ruling |
A nearly unanimous Supreme Court has seemingly set new limits on the punitive authorities of the U.S. Securities and Exchange Commission (SEC), though just how much has changed is up for debate.
Read more > | | Market Mirror | Tuesday, the Dow climbed 131.14 points (0.50%) to 26,156.10, the NASDAQ closed 74.89 points (0.74%) higher at 10,131.37, and the S&P 500 increased 13.43 points (0.43%) to 3,131.29. The Russell 2000 was up 5.81 points (0.41%) at 1,439.34, and the Wilshire 5000 gained 124.76 points (0.39%) to finish at 31,946.16.
The price of the 10-year Treasury note was down 1/32, increasing its yield to 0.715%. The price of the 30-year Treasury bond decreased 6/32, bringing its yield up to 1.490%.
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