Compliance May 26th, 2023 Gensler Defends Swing Pricing Proposal at ICI Conference Managers who asked the Fed for help during the pandemic but who oppose swing pricing should “look in the mirror,”...
Compliance May 26th, 2023 Court Dismisses O’Reilly Auto Excessive Fee Lawsuit A district court judge dismissed a case brought by six former employees claiming the auto parts company allowed 401(k) participants to...
Compliance May 25th, 2023 CITs: Coming Soon to 403(b) Plans? A bill approved by the House Committee on Financial Services would permit CITs in all 403(b) plans to bring parity...
Compliance May 24th, 2023 Congress Says It Will Fix at Least 4 Errors in SECURE 2.0 The errors include the startup credit, RMD, SIMPLE IRA plans and Roth catch-ups.
Compliance May 23rd, 2023 Retirement Clearinghouse Issues Alert of IRA Data Breach Firm alerts more than 10,000 people to watch out for identify theft after Social Security and IRA numbers may have...
Compliance May 22nd, 2023 EBRI Study: Inflation, Weak Stock Market Slashed Retirement Confidence EBRI reports sharply decreased retirement confidence, driven primarily by inflation.
Compliance May 19th, 2023 SEC’s Gensler Confirms AI is Regulatory Priority Chairman Gary Gensler said at a conference that he has directed the SEC to explore the regulatory implications of AI...
Compliance May 18th, 2023 SEC’s New Stock Buyback Rules Come Under Legal Challenge The Chamber of Commerce has sued the SEC in the 5th Circuit and seeks a review of a new SEC...
Compliance May 17th, 2023 Inflation Drives IRS to Raise HSA Contribution Limits For 2024, the HSA contribution will be $4,150 for an individual and $8,300 for a family, up from $3,850 for...
Compliance May 17th, 2023 Common Pitfalls in Reg BE, BI, According to FINRA, SEC Riskier and complicated assets require more due diligence, and regulatory officials laid out some practices for advisers to avoid.
Compliance May 17th, 2023 NAGDCA: Roth Catch-Ups Will Be Major Issue for Government Plans This is the second time in three months the advocacy group has warned federal regulators and appealed for assistance.
Compliance May 16th, 2023 SEC Head Gensler Says Reg BI Not ‘Check the Box’ Exercise The SEC chairman made remarks about Reg BI, Reg BE and about AI’s role in the markets at FINRA’s annual...
Compliance May 16th, 2023 ASA: DOL Drops Appeal to 401(k) Rollover Advice Ruling According to the trade association, the regulator will not appeal a ruling that keeps 401(k) rollover advice outside of fiduciary...
Compliance May 15th, 2023 DOL to Extend UBS, Credit Suisse 401(k) Asset Management Exemption The DOL proposes extending for one year beyond their merger the exemptions being used by UBS and Credit Suisse to...
Compliance May 12th, 2023 FINRA Expels Brokerage SW Financial for Misrepresenting Fees The brokerage and investment bank was expelled for misrepresenting its fee structure, churning accounts and failing to properly supervise and...
Compliance May 12th, 2023 House Republicans Propose Exempting Social Security Benefits From Income Tax Social Security reform bills keep coming this Congress, and this one would remove Social Security payments from the calculation of...
Compliance May 12th, 2023 Asst. Labor Secretary Gomez Says DOL Studying SECURE 2.0 Implementations The EBSA head also discussed the need to educate market participants on the DOL's ESG rule and changes to COVID-19...
Compliance May 11th, 2023 House Republicans Eye SEC Regulatory, Enforcement Budget A letter from the House Financial Services Committee calls for a freeze on the SEC’s enforcement budget and the defunding...
Compliance May 10th, 2023 Industry Voices Object to SEC Safeguarding Rule Adviser advocacy and interest groups expressed disapproval for the SEC’s proposal, citing discretionary trading concerns and limiting annuity use.
Compliance May 9th, 2023 Aon, Astellas Pay to Settle CIT Conflict of Interest Litigation A 2020 case over the performance of proprietary CITs ends with a settlement.