Compliance

The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because of the hard-close provision.

Many claims from 2020 complaint were dismissed, leaving settlement subject to final approval at a September fairness hearing.   

Pinnacle Advisors helped a mutual fund dodge SEC liquidity requirements for at least a year, the SEC charges.

The Department of Labor alleges a closed computer equipment supplier and services company abandoned responsibility for its profit-sharing plan in the late 1990s.   

Many market actors are requesting an extension on the comment period, which ends Monday, to better analyze the proposal.

The governor hopes the bill will be a blueprint for states seeking to ban sustainable investing.

The pensions are in the service, transportation and manufacturing industries.

Maryland’s Cardin was one of the key architects of and proponents of retirement reform on the Hill, including and especially SECURE 2.0 legislation.

The retirement plan lawsuit, originally filed in 2020, alleged fiduciary breaches committed by the ERISA finance and administrative plan committee.

The 3rd Circuit Court of Appeals upheld a District Court ruling that government plans are not covered by ERISA.

The PBGC provided SFA assets to two soon-to-be-insolvent pensions, one from New Jersey and one in Pennsylvania.

The 2020 ERISA retirement lawsuit alleged fiduciary breaches committed by the retirement plan committee.

Bill introduced in Nevada Senate includes auto enrollment but faces long road ahead after similar bills died in committee in 2019 and 2021.

The proposal passed the House Wednesday and would slash spending on green energy and anti-poverty programs in exchange for lifting the debt ceiling.

A class action complaint filed in Texas alleges fiduciary breaches by the company’s 401(k) plan.   

The April report outlined the differences, in action and duty, between ERISA fiduciaries.

Su's confirmation as Secretary of Labor faces a close Senate vote. 

The 2020 excessive fees 401(k) lawsuit against a medical products manufacturer is on the eve of a trial. 

Bulletin provides FAQ to help plans that received Special Financial Assistance meet notice requirements.

A bill is planned to amend securities laws, close a SECURE 2.0 loophole and clear the way for CITs in 403(b) plans.