May 24th, 2019

SECURE Act’s House Passage Brings Test of Congressional Mediators With the passage of the SECURE Act by the House of Representatives, experts tell PLANADVISER they are optimistic that agreement will be reached with the Senate during this Congress, but the many supporters of retirement reform will have to wait and see how compromise might be reached Read more > Some Expect Senate Action Sooner Than Later on SECURE Act One retirement industry executive says she believes the Senate could act quite quickly in taking up the SECURE Act, which just passed the House of Representatives with a practically unanimous yea vote. Read more > DOL Regulatory Agenda Shows Proposed Fiduciary Rule Expected in December During a House committee hearing in early May, Secretary of Labor Alexander Acosta said the Department of Labor (DOL) is working with the Securities and Exchange Commission (SEC) to propose a rule that will protect investors. Read more > Investors Want Conclusive ESG Performance Information Studies conflict over the long-term performance of environmental, social and governance (ESG) investing, and institutional investors say they want better track records. Read more > MOST READ ARTICLES

Investment Product and Service Launches American Century to offer ETFs with ActiveShares methodology, and Morningstar reveals global suite of bond indexes. Read more > State-Based Fiduciary Standards Some legislators and regulators act to fill a perceived void Read more > Market Mirror Thursday, the Dow dropped 286.14 points (1.11%) to 25,490.47, the NASDAQ lost 122.56 points (1.58%) to finish at 7,628.28, and the S&P 500 closed 34.03 points (1.19%) lower at 2,822.24. The Russell 2000 fell 30.25 points (1.97%) to 1,501.38, and the Wilshire 5000 shed 395.31 points (1.34%) to close at 29,081.51. The price of the 10-year Treasury note increased 28/32, bringing its yield down to 2.316%. The price of the 30-year Treasury bond climbed 1 2/32, decreasing its yield to 2.751%.

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