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
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...
Senate Introduces Bill to Require SEC to Modify Small Entity Definition
The bill has already passed the House.
SEC Considering Modified Version of Much Maligned Predictive Data Analytics Proposal
The regulator’s chair noted that withdrawing the proposal is not under consideration.
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...
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...
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...
T+1 Cycle to Start May 28
Beginning in one week, broker/dealers must settle transactions by the next business day.
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.
ESOP Appraisal Proposal Expected in Coming Months
EBSA has not, however, set a hard deadline for the much-anticipated proposal.
Biden Imposes New Tariffs on Chinese Steel, EVs
The tariffs affect many industries, but are relatively small in scope.
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...
Legislation Introduced That Would Reverse Retirement Security Rule
The Congressional Review Act resolution is unlikely to survive a presidential veto.
QDIAs To Receive ERISA Advisory Council Review
The council will study issues related to qualified default investment alternatives and report their findings to EBSA.
AT&T Fee Lawsuit Could Reach Supreme Court Next Year
Industry groups asked the Supreme Court to resolve an ERISA-related appeals court split.
Ann Orr Replaces Gordon Hartogensis as PBGC Acting Director
Hartogensis’ term expired at the end of April.
A Road Map for Congress to Increase DB Plan Use
NIRS offers 6 recommendations for boosting DB use in the private sector, starting with lowering insurance premiums.
IRA to IRA Rollovers Pose Legal Vulnerability for Retirement Security Rule
Legal experts with varying perspectives on the rule agree that DOL likely does not have jurisdiction over IRA to IRA...
House Republicans Look to Curtail SEC Enforcement and Settlement Authorities
The bills under review on Tuesday would effectively limit the settlement amounts that the SEC can impose.