March 15th, 2018
This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a quarterly basis.
February 22nd, 2018
However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s portfolio remain unchanged: December 1, 2018, for larger fund groups and June 1, 2019, for smaller fund groups.
January 8th, 2018
Brokers serving retirement plans and other institutional investors were accused of routing orders for equities to an offshore affiliate in Bermuda that “executed them on a riskless basis and opportunistically boosted profits by adding a mark-up or mark-down on the price of a security.”
November 10th, 2017
The committee's initial focus will be on the corporate bond and municipal securities markets.
May 5th, 2017
A bill that would repeal much of the Dodd-Frank Wall Street Reform Act and block the DOL fiduciary rule has cleared the House Financial Services Committee.
September 26th, 2016
The SEC says whether offering a brokerage window in a 401(k) through which investments in employer securities can be made involves an offer of employer securities requiring Securities Act registration depends on the extent of the plan sponsor’s involvement.
May 9th, 2016
While retirement industry regulators have been busy, not much has come out of Congress affecting retirement plans, but that may soon change.
October 28th, 2015
The Retail Investor Protection Act is likely to be vetoed by
the White House.
August 14th, 2015
Focus on DOL’s fiduciary rulemaking is understandable—but
there are other major regulatory changes in the works that will directly impact
July 28th, 2015
Transcripts from a tough SEC hearing called earlier this
month show it's not just the Department of Labor considering changes to the
application of the fiduciary standard.
March 6th, 2015
A bipartisan group of U.S. House members penned an open letter to the Department of Labor that demands more detail be shared about the ongoing fiduciary redefinition effort.
February 27th, 2015
number of elected officials have emerged on the side of financial advisers in
opposing the Department of Labor’s fiduciary redefinition effort—introducing ambitious
legislation to block changes to the fiduciary standard.
Deals and People
January 23rd, 2015
Annette Guarisco Fildes has been appointed CEO of the ERISA Industry Committee.
January 15th, 2015
The Securities and Exchange Commission adopted several sets of rules and proposed others related to data collection and reporting for security-based swap data repositories.
July 23rd, 2014
July 23, 2014 (PLANSPONSOR.com) – New Securities and Exchange Commission (SEC) rule amendments establish structural and operational reforms aimed at addressing “run risks” in money market funds.
April 9th, 2014
April 9, 2014 (PLANSPONSOR.com) – A survey of retirement plan sponsors from AARP suggests there is widespread support for holding more types of financial advice to a fiduciary standard.
January 27th, 2014
January 27, 2014 (PLANSPONSOR.com) – The Department of Labor (DOL) has reached a settlement with Western Asset Management Company, a subsidiary of Legg Mason Inc.
January 15th, 2014
January 15, 2014 (PLANSPONSOR.com) – U.S. House members belonging to the New Democrat Coalition asked the Department of Labor (DOL) to ensure new fiduciary rules protect access to investment advice.
Deals and People
November 26th, 2012
November 26, 2012 (PLANSPONSOR.com) – After nearly four years in office, SEC Chairman Mary L. Schapiro announced she will step down, effective December 14, 2012.
September 7th, 2012
September 7, 2012 (PLANSPONSOR.com) - Do you really know how your
broker/dealer makes money? If not, it’s time to learn before a Department of
Labor (DOL) investigator knocks at your door.