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...
Compliance August 31st, 2023 May Climate Funds Be Used in DC Plan Menus? Yes, as long as they don’t come at the cost of participants’ investment outcomes, according to Wagner Law Group.
Compliance August 31st, 2023 Former American Airlines Pilot Fires Back in Retirement Plan ESG Suit The plaintiff doubles down on allegations the airline defaulted him into ESG-related funds.
Compliance August 30th, 2023 DOL Beats ForUsAll Crypto Suit A federal court ruled there was no legal basis for complaints challenging the DOL’s compliance bulletin cautioning use of cryptocurrency...
Compliance August 29th, 2023 Advisers: Roth Catch-Up Extension Welcome, Clarity Still Needed Retirement plan advisers were happy to tell plan sponsors about the two-year Roth catch-up extension. But the hard work isn’t...
Compliance August 29th, 2023 Wells Fargo Agrees to Pay $35 Million for Overcharging Advisory Accounts The registered investment adviser overbilled clients with custom rates by maintaining inadequate procedures, the SEC said.