Compliance April 1st, 2024 Chamber of Commerce, ERIC Ask DOL for Modifications to Auto-Portability Proposal Lobby groups asked the Department of Labor to remove the requirement that plans must appoint an official to monitor portability...
Compliance March 28th, 2024 SEC Requires Internet Advisers to Be 100% Online In order to register using the internet adviser exception, advisers must provide all their services through a website and not...
Compliance March 28th, 2024 Cambridge Expects $500,000 Fine for Promised Fee Waiver Failures The firm offered certain fee waivers which were not honored, per a recent regulatory filing.
Compliance March 27th, 2024 BlackRock’s Non-ESG Funds Are Still ESG, Mississippi Order Says Mississippi alleges that BlackRock misled investors and should be fined millions.
Compliance March 26th, 2024 SPARK Elects New Governing Board Officers The SPARK Institute will seat a new a chair, vice chair and treasurer.
Compliance March 26th, 2024 Key SECURE 2.0 Provisions to Look Out for Right Now Experts shared the provisions of the SECURE 2.0 Act of 2022 that are generating the most buzz in a PLANADVISER...
Compliance March 25th, 2024 DOL Defends ESG Rule Against 5th Circuit Appeal The challenge to the DOL’s ESG rule continues at the appellate level.
Compliance March 25th, 2024 Judge Rules for Molina, flexPATH in ERISA Case The District Court judge cited broad indexes as the appropriate benchmarks for plan TDFs in a ruling expected to be...
Compliance March 22nd, 2024 4 Bipartisan Bills Would Restrict Investment in China They would ban Chinese securities in index funds and tax gains from them as income.
Compliance March 21st, 2024 Social Security Administration to Relax Overpayment Clawback Rules SSA Commissioner Martin O’Malley also laid out the agency’s customer service issues.
Compliance March 21st, 2024 Managing Fiduciary Conflicts in the Age of Convergence ERISA expert David Kaleda discusses what the DOL’s proposed Retirement Security Rule may mean for retirement and wealth management firms.
Compliance March 20th, 2024 GOP Proposes Bills to Require Longer SEC Comment Periods, Overturn Private Funds Adviser Rule Introduced in the House of Representatives, a bill to invalidate the private funds adviser rule would be unlikely to pass...
Compliance March 20th, 2024 2nd Lawsuit Filed Against AT&T Over PRT Deal In two different cases, AT&T faces renewed scrutiny regarding a pension risk transfer arrangement made with Athene, while a lawsuit...
Compliance March 19th, 2024 What Market Abuses Are DOL’s Fiduciary Proposal Supposed to Prevent? Supporters of the proposal say regulations are essential to protect retirement savers from conflicted advice.
Compliance March 18th, 2024 2 Advisers Fined for ‘AI Washing’ Marketing Violations Delphia and Global Predictions were fined a combined $400,000 for marketing rule violations related to their use of artificial intelligence.
Compliance March 15th, 2024 401(k) World: The Litigators The final story in this quarter’s PLANADVISER In-Depth series considers 401(k) litigation’s present and future.
Compliance March 15th, 2024 FINRA’s Top Enforcement Issues of 2023 Regulation Best Interest makes the top five, according to Eversheds Sutherland LLP.
Compliance March 15th, 2024 Biden’s Budget Would Compel Distributions From Retirement Accounts Over $10M The proposal would add to a plan to prohibit backdoor Roth conversions.
Compliance March 14th, 2024 19 States, Sierra Club Have Common Dispute: SEC’s Climate Disclosure Rule Republican state attorneys general and the environmental advocacy group are, for different reasons, suing the SEC to overturn its recent...
Compliance March 14th, 2024 Former Pension Plan Participants Sue Lockheed Over Athene Risk Transfer The lawsuit against Lockheed related to its PRT with Athene comes close on the heels of a similar suit against...