Compliance | March 18th, 2019 SEC Says Public Pension Funds Duped by County Manager The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...
Compliance | December 28th, 2018 A Look Back at Important 2018 Regulatory Developments Plan sponsors faced another year of rapid regulatory change in 2018, with important developments coming out of the DOL, IRS...
Compliance | December 24th, 2018 SEC Proposes Rules for Risk Mitigation of Security-Based Swaps The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository...
Compliance | November 8th, 2018 Favorable CRS Form User Testing Results Published by SEC In the conclusions chapter of the report, the Securities and Exchange Commission says respondents expressed generally positive assessments of the...
Compliance | November 5th, 2018 ICI Argues Intermediary-Driven Fund Disclosure System Is Flawed ICI draws the conclusion that this system means fund shareholders are paying higher costs than is strictly necessary.
Investing | October 25th, 2018 ICI Makes Recommendations for Improved Investment Disclosures ICI created a prototype of a recommended summary shareholder report, tested it, and found the majority of investors agreed that...
Compliance | October 19th, 2018 DOL Not Giving Up on Fiduciary Rule Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...
Compliance | October 18th, 2018 SEC Commissioner Calls for Simpler Ways to Compare Investments Commissioner Stein also encouraged the SEC to implement “mandatory periodic disclosures about the value of investors’ 401(k) accounts to show...
Compliance | September 12th, 2018 Testing of SEC Adviser Relationship Summary Form Yields Troubling Results A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer...
Compliance | September 5th, 2018 SEC Proposals Would Level the Playing Field for ETFs The agency is also proposing more disclosure to investors about ETFs, how they work and their costs.
Compliance | July 18th, 2018 Former State Street Executive Convicted of Defrauding Transition Management Customers The SEC's complaint alleges that the former executive led a scheme to add secret commissions to securities trades performed for...
Compliance | July 13th, 2018 Former New York Retirement Fund Employee Sentenced in Pay-to-Play Scheme Navnoor Kang allegedly used his position to direct up to $2.5 billion in state business to registered representatives at two...
Compliance | June 13th, 2018 SEC Finds Merrill Lynch Traders Overcharged for RMBS The brokerage firm will pay more than $15 million in settlement.
Compliance | June 7th, 2018 SEC Seeks Comments on Fund Disclosures and the Fees Charged for Them The agency also adopted a new rule allowing fund companies to share information via the Internet.
Opinions | June 4th, 2018 Barry’s Pickings: The Possibility of a ‘Provider’s ERISA’ Michael Barry, president of October Three (O3) Plan Advisory Services LLC, discusses how the Securities and Exchange Commission’s (SEC)’s broker/investment...
Compliance | May 3rd, 2018 Appeals Court Rejects AARP, State Arguments to Revive DOL Fiduciary Rule Process The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...
Compliance | April 16th, 2018 New Conflict-of-Interest Proposal Expected from SEC As the Department of Labor (DOL) fiduciary rule process appears destined for defeat, experts speculate about the possibility that the...
Compliance | March 15th, 2018 SEC Proposes Moving Public Liquidity Risk Disclosure to Annual Reports This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a...
Compliance | February 22nd, 2018 SEC Deadline for Open-End Fund Liquidity Classification is Extended However, the deadlines for creating a liquidity risk management program and to limit illiquid investments to 15% of a fund’s...
Compliance | January 8th, 2018 Retirement Funds Among Targets of Securities Fraud Brokers serving retirement plans and other institutional investors were accused of routing orders for equities to an offshore affiliate in...