Compliance November 18th, 2022 SECURE 2.0 Enjoys Widespread and Consistent Industry Support Industry actors and interest groups continue to express enthusiastic support for SECURE 2.0 and support its passage in the coming...
Compliance November 17th, 2022 DOL Hosts Public Hearing on QPAM Proposal The commentators and DOL representatives had stark disagreements on the implications of some the proposal’s provisions.
Compliance November 16th, 2022 Proposed Settlement Would Cost Juniper Networks $3 million Juniper agreed to a proposed settlement dismissing allegations they mismanaged their sponsored retirement plan; judicial approval still required.
Compliance November 15th, 2022 Applications and Implementation of The New Marketing Rule Various leaders within the SEC discussed in a public seminar today some of the interpretations and applications of the new...
Compliance November 15th, 2022 DOL Rejects ForUsAll’s ‘Tactical Retreat’ in Crypto Retirement Case The DOL shot back at 401(k) provider ForUsAll’s offer to drop its suit if the court confirmed a DOL warning...
Compliance November 14th, 2022 A Closer Look at the Emergency Savings Provisions in SECURE 2.0 Research shows ESAs can increase investment in retirement savings accounts, but Senate bills involved in SECURE 2.0 package contain different...
Compliance November 12th, 2022 DOL: Plan Sponsors in PEPs Don’t Necessarily Need to Purchase Fidelity Bond The department of labor clarified in a response letter some of the responsibility and costs that plan sponsors can offload...
Compliance November 9th, 2022 ESG Industry Put on Notice by Congressional Republicans ESG investment strategy and the businesses around it has been sharply criticized and challenged by Republican leaders on all levels...
Compliance November 9th, 2022 A DOL ESG Investigation Story An adviser’s message to his peers is to not fear including ESG factors in investment analysis.
Compliance November 8th, 2022 IRS to Permit Determination and Termination Letters for 403(b) Plans Beginning in June 2023, the IRS will allow 403(b) plans to apply for determination and termination letters, similar to 401(a)...
Compliance November 8th, 2022 Midterm Election Results Could Delay SECURE 2.0 A shift in Congressional power in Washington to Republicans could delay passage of SECURE 2.0 and push Democrat's ESG and...
Compliance November 4th, 2022 SEC Proposes Controversial Rule on Swing Pricing and Liquidity The SEC proposed a new rule Wednesday that would require all open-ended funds, except money market funds and exchange-traded funds,...
Compliance November 3rd, 2022 PBGC Provides $32.7 Million to Struggling Bricklayers Pension The Akron, Ohio-based multiemployer plan had been providing benefits to nearly 400 participants at below half the level it was...
Compliance November 2nd, 2022 SEC’s Proposed Outsourcing Rule Could Be Hardest on Small Advisers The new rules, if approved, would likely require more catch-up by smaller firms to vet third-party providers, says a legal...
Compliance November 1st, 2022 Adviser CEO Faces Up to 45 Years for Fraud, Keeping Employee 401(k) Contributions Maddox Group’s Adam Belardino faces up to 45 years in prison for wire fraud and making false statements to the...
Compliance October 31st, 2022 SECURE 2.0 Likely to Pass this Year Three separate bills, dubbed SECURE 2.0 when taken together, are likely to be passed into law by this December, according...
Compliance October 28th, 2022 SEC Marketing Rule to be Enforced Next Week Compliance for a new rule aimed at preventing investment advisers from misleading clients goes into effect November 4, next Friday.
Compliance October 27th, 2022 SEC Finalizes Rule Requiring Recovery of Improper Executive Incentive Pay The new rule requires securities firms to recover incentive pay if it was premised on an accounting error.
Compliance October 26th, 2022 SEC Proposal Calls for Vetting of Outsourced Services by Advisers The SEC says the new rule proposals are responding to the growing trend in use of third-party vendors by financial...
Compliance October 26th, 2022 The SEC Adopts Rules on Shareholder Reporting, Fund Advertisements The rules adopted by the SEC update requirements for mutual fund and ETF shareholder reports and promote transparent fee and...