Compliance September 22nd, 2023 Judge Upholds DOL ESG Rule A Texas judge, appointed during the Trump administration, ruled that the DOL does not violate ERISA by permitting ESG in...
Compliance September 21st, 2023 Lawmakers Look to Shield Student Loanees From Garnishment of Social Security Benefits With student loan payments set to resume, Democrats in Congress proposed a bill last week that would prevent the government...
Compliance September 20th, 2023 Funds’ Portfolios Must Reflect Their Name, SEC Says New rule means funds will have to derive 80% of their value from investments related to their official names.
Compliance September 19th, 2023 Scope of AI Conflicts Proposal Finds New Opponents on the Hill Members of both parties have criticized the SEC’s definition of ‘covered technology’ when it comes to using AI in financial...
Compliance September 15th, 2023 When Attorney-Client Privilege Applies Under ERISA If communications concern plan assets, they may be discoverable during litigation.
Compliance September 14th, 2023 SEC’s Risk Alert Worth Close Look Amid ‘Bevy’ of New Rules, Charges Compliance experts point to the regulator’s focus on third-party providers and its marketing rule stringency in the recent exam notice.
Compliance September 14th, 2023 Swing Pricing Proposal on Shaky Ground as Bipartisan Opposition Solidifies Of all the SEC proposals facing pushback, the swing pricing proposal for mutual funds is taking the most heat from...
Compliance September 14th, 2023 American Airlines Asks Judge to Toss 401(k) ESG Complaint The airline's motion maintains that former pilot has no standing in ESG investing lawsuit, including an amended complaint that sought...
Compliance September 13th, 2023 Low Birth Rates Are Not the Main Threat to Social Security Insolvency Income inequality is a greater threat, according to the Social Security Administration’s chief actuary.
Compliance September 12th, 2023 Congress, Industry Push Back on SEC’s AI, Safeguarding Rule Proposals The proposal would require advisers to eliminate conflicts related to a wide range of computational technology.
Compliance September 12th, 2023 AT&T Receives Industry Backing in 2017 Excessive Fee Case ERIC, CIEBA, SPARK and ABC submitted an amicus brief on behalf of the firm’s retirement plan.
Compliance September 12th, 2023 SEC Makes 2nd Marketing Rule Charges Against 9 Investment Advisories According to the regulator, a sweep into marketing rule violations led to $850,000 in total penalties.
Compliance September 11th, 2023 DOL Sends New Adviser Fiduciary Rule to OMB for Review The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.
Compliance September 7th, 2023 House Republicans Look to Repeal DOL Rule Permitting ESG in Retirement Plans As the House of Representatives returned this week, it wasted no time proposing new bills targeting ESG investing.
Compliance September 7th, 2023 Acting Secretary of Labor Su Under Pressure as DOL Prepares Fiduciary Proposal Republicans introduced legislation targeting the controversial candidate, whose nomination has not been put to a vote.
Compliance September 5th, 2023 SEC Charges 5 Advisory Firms for Custody Rule Violations The rule violation announcement is the second the regulator has issued in a ‘targeted’ effort, even as it seeks public...
Compliance September 5th, 2023 Employee Fiduciary LLC Calls On DOL to Improve 401(k) Fee Transparency The small business retirement plan advisory provided three recommendations to improve participant fee awareness.
Compliance September 1st, 2023 Republican Leaders Discourage 3(21) Fiduciary Rule Amendment Updating the fiduciary rule remains a key area of focus for the Department of Labor, despite missing a published August...
Compliance September 1st, 2023 Complying With SEC’s Hypothetical Performance Marketing Rules Advisers should use a process that makes it tough to fall out of compliance, not look for ways to dodge...
Compliance September 1st, 2023 Are You Ready for Class Action Health Care Plan Fee Litigation? Joanne Roskey, a former DOL solicitor and current ERISA attorney, discusses how to prepare for the likely wave of litigation...