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Weekday news and analysis for retirement plan advisers
Monday, June 06, 2022
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COMPLIANCE
SEC Enforcement Approach Imperiled by 5th Circuit
While the ultimate outcome may be settled by the Supreme Court, the 5th Circuit’s ruling in Jarkesy v. SEC could have major ramifications for the regulator and its approach to punitive enforcement under the Dodd-Frank Act.
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Facing Criticism for ESG Rules, SEC Unlikely to Back Down
Attorneys who track financial regulations say SEC Chair Gary Gensler has no qualms about pushing forward big, ambitious proposals, even if they are destined to be challenged in the courts.
Today’s Most Read
1. Barnabas Health Latest to Settle ERISA Suit
2. The Role of the 401(k) in Today’s Tight Labor Market
3. Excessive Fee ERISA Complaint Targets Cook Group
401(k) Investors Still Cautious in Volatile Market
Investors remain wary of the equity market’s volatility, as no trading days in May exceeded three times the average.
M&A Gets Off to a Flying Start
Major deals have already been announced, with the likes of SageView Advisory Group and Compass Financial Partners already having been acquired, and sources say there are more to come.
Retirement Industry People Moves
Creative Planning acquires Ferris Capital; Envestnet strengthens its retirement solutions ecosystem with new acquisition; TIAA appoints chief institutional client officer; and more.
Market Mirror Market Mirror Graph

Friday, the Dow dropped 348.58 points (1.05%) to close at 32,899.70, the Nasdaq was down 304.16 points (2.47%) at 12,012.73, and the S&P 500 lost 68.28 points (1.63%) to finish at 4,108.54. The Russell 2000 fell 14.62 points (0.77%) to 1,883.05, and the Wilshire 5000 dropped 672.49 points (1.62%) to 40,945.41.

The price of the 10-year Treasury note decreased 2/32, bringing its yield up to 2.940%. The price of the 30-year Treasury bond decreased 3/32, bring its yield up t0 3.095%.

For the week ending June 3, the Dow declined 0.94%, the Nasdaq lost 0.98%, and the S&P 500 was down 1.20%. The Russell 2000 lost 0.25%, and the Wilshire 5000 fell 1.08%.

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