Compliance May 29th, 2024 Chamber of Commerce, ERIC Plead for Fewer Retirement Plan Disclosures The interest groups agree that most participants do not read nor understand many disclosures related to their retirement benefits.
Compliance May 24th, 2024 9 Insurance Trade Groups File Suit Against DOL’s New Fiduciary Proposal The firms filed a suit in Texas court seeking to undue the Retirement Security Rule aiming to rework the definition...
Compliance May 24th, 2024 Packaging Co. Hit with Excessive Fee Suit on $1.2B 401(k) Plaintiffs allege Sonoco’s plan committee did not regularly put out requests for proposal to recordkeepers to reduce plan fees for...
Compliance May 24th, 2024 Senate Introduces Bill to Require SEC to Modify Small Entity Definition The bill has already passed the House.
Compliance May 24th, 2024 SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal The regulator’s chair noted that withdrawing the proposal is not under consideration.
Compliance May 23rd, 2024 DOL’s Hauser ‘Comfortable’ New Fiduciary Rule Addresses Prior 5th Circuit Rebuttal The official made the comments to a legal association a few days after the FACC filed a motion to pause...
Compliance May 23rd, 2024 SEC’s Gensler Seeks to Clarify Mutual Fund Swing Pricing Proposal The Chairman suggested that the regulator might opt for liquidity fees instead of swing pricing for open-end funds and also...
Compliance May 22nd, 2024 Digital Assets Legislation Passes House of Representatives The bill would define the jurisdictions of the SEC and CFTC for crypto assets but it is likely to be...
Compliance May 21st, 2024 T+1 Cycle to Start May 28 Beginning in one week, broker/dealers must settle transactions by the next business day.
Compliance May 17th, 2024 Reg S-P Requires Advisers to Inform Customers of Data Breaches In addition to other registrants, advisers will have 30 days to inform their clients of any substantial data breach.
Compliance May 16th, 2024 ESOP Appraisal Proposal Expected in Coming Months EBSA has not, however, set a hard deadline for the much-anticipated proposal.
Compliance May 16th, 2024 Biden Imposes New Tariffs on Chinese Steel, EVs The tariffs affect many industries, but are relatively small in scope.
Compliance May 16th, 2024 New DOL Fiduciary Rule: Top 5 Facts Advisers Should Know ERISA experts from Faegre Drinker Biddle & Reath provide guidance to registered investment advisers on the DOL’s new Retirement Security...
Compliance May 15th, 2024 Legislation Introduced That Would Reverse Retirement Security Rule The Congressional Review Act resolution is unlikely to survive a presidential veto.
Compliance May 14th, 2024 QDIAs To Receive ERISA Advisory Council Review The council will study issues related to qualified default investment alternatives and report their findings to EBSA.