New House Speaker Mostly Unknown to Retirement Industry
Industry advocates have very little to say about Mike Johnson, good or bad, but another budget showdown could reveal his...
Tag: SEC
Retirement Industry Calls On SEC to Withdraw Proposal on AI, Conflicts of Interest
The proposal would limit the availability of educational and retirement readiness tools for participants, commenters say.
Personal Device Use Costs 10 Broker, Adviser Firms $79M
The fine was imposed by the SEC Friday for persistent and high-level failures to communicate on approved channels.
SEC to Allow RILAs to Register on Simplified Forms
The proposal would streamline the registration and disclosure process for RILAs and highlight their unique features.
Mutual Fund Trustees Resist Aiding and Abetting Charges
The SEC argues fund trustees assisted a mutual fund in dodging liquidity requirements by not acting to properly classify the...
Republicans Take Aim at Proxy Voting Firms
Congressional Republicans allege that proxy firms give advice based on political preferences, not investors' financial interest.
Senate Appropriations Committee Advances Funding for SECURE 2.0 Lost and Found
The committee’s spending bill appropriates $14 million for the creation of a retirement account database.
SEC Updates Gate Structure, Liquidity Fees for Money Market Funds
The new rules are designed to increase MMF liquidity and protect investors from runs on the funds, starting in 2024.
House Republicans Call for More Transparency in ESG and Proxy Voting
Republicans focus on the environmental aspect of ESG in a recently published report on Republican policy goals concerning investor activism.
Swing Pricing Protects Investors From Dilution, Gensler Says
SEC Chairman Gary Gensler offered a spirited defense of the swing pricing proposal in a conversation with ICI’s Eric Pan.
Swing Pricing Proposal Should Be Defunded, House Republicans Say
The chairman of the House Committee on Financial Services, Patrick McHenry, says the swing-pricing rule would hurt investors, especially because...
SEC Accuses Fund Adviser of Violating Liquidity Requirements
Pinnacle Advisors helped a mutual fund dodge SEC liquidity requirements for at least a year, the SEC charges.
Amendments to SEC Custody Rule Would Expand Scope to More Asset Classes
Many market actors are requesting an extension on the comment period, which ends Monday, to better analyze the proposal.
House Republicans Air SEC Grievances at Oversight Hearing
The SEC proposal on swing pricing criticized for potential harm to retirement investors, especially those located in the West.
Congress, SEC Plan Separate Expansions of Electronic Disclosures
Bipartisan legislation and an SEC proposal would make electronic disclosures under securities laws much more commonplace.
SEC Balances Competing Interests in Finalizing Cybersecurity Rule
The SEC reopened the comment period on a cybersecurity rule which would require updated policies and prompt SEC notification of...
What the SEC is Scrutinizing in Its Marketing Rule Exams
Industry experts and SEC officials discuss what plan sponsors should know about how the regulator will consider investment performance claims.
DOL Urged to Pursue Equal Opportunity Cases in Biden Budget Proposal
The White House’s proposed fiscal 2024 budget would also increase budgets for the Social Security Administration and the IRS.
Gensler Defends SEC’s Climate Disclosure Rules at CII Conference
The SEC chair explained that more market actors are using climate and greenhouse gas information in investment decision making, and...
Retirement Industry to SEC: Kill Swing Pricing Mandate
Industry groups, including ERIC, SPARK and ICI, argue that a proposed mutual fund pricing rule popular in the EU would...