SEC’s Risk Alert Worth Close Look Amid ‘Bevy’ of New Rules, Charges
Compliance experts point to the regulator’s focus on third-party providers and its marketing rule stringency in the recent exam notice.
Tag: compliance
Live Nation 401(k) Plan Escapes Class Suit, Moves to Arbitration
A federal judge in California ruled for Live Nation in a motion to move the case to arbitration.
New SEC Cybersecurity Rule a ‘Business Problem,’ Not Just IT or Legal, According to Experts
The new disclosure requirements for public companies will require time and resources to meet cybersecurity needs.
New 401(k) Litigators Use ‘More Credible’ Tactics in First Half of ‘23
Euclid Fiduciary’s mid-year litigation report finds fewer filings, as plaintiff law firms catch up on ’22, but new entrants using...
SEC Charges Wells, BNP, Others With Electronic Communications Misuse
11 Wall Street firms admit wrongdoing and agree to pay $289 million in fees for improperly using messaging systems like...
IAA: SEC Marketing Rule Still Top Concern for Compliance Teams
Investment advisories rank the marketing rule as the ‘hottest’ topic for the third year in a row, followed by cybersecurity...
Pensionmark Hires Compliance Head To Help With Acquisition Push
Jonathan Curley, a former RIA, will perform due diligence on firms Pensionmark is looking to acquire.
Advisers Recommend Fiduciary Outsourcing Services, Mostly for Small Plans
More than 20% of advisers said clients spend between a quarter and half of their time on plan administrative tasks...
Investment Product and Service Launches
Alight expands financial wellness platform to include family members; C2P Enterprises announces women’s program; Equitable enhances buffered annuity suites; and...
Advisers Should Comment, Prepare Vendor List Ahead of SEC Outsourcing Rule
Investment and retirement advisers—especially smaller shops—should take the time remaining to provide their feedback about the SEC’s proposed outsourcing rule,...
DOL Finalizes Rule Opening Door to ESG Investing in Retirement Plans
The DOL announced a final rule that retirement plan fiduciaries can consider climate change and other ESG factors when selecting...
ERISA Suit Brought Against Quanta Services
401(k) participants brought the suit, alleging that Quanta kept certain underperforming funds in its plan menu.
Home Depot Victorious in ERISA Suit
The judge ruled that even though Home Depot may have followed an imprudent process for choosing investments, the plaintiffs were...
Plaintiffs Say 401(k) Plan Omitted Target-Date Funds Among Problems
The target of a new Employee Retirement Income Security Act is a plan sponsor with more than 20,000 participants that ‘periodically’ reviewed the plan’s investment options to ensure...
ERISA vista
If Caught Off Guard by a Failure
Advisers can self-correct some violations of PTE 2020-02.
Compliance News
Legislative and Judicial Actions
IRS updates its operational compliance list, DOL releases new proposed fiduciary rule, and more.
State Securities Charges Highlight Potential for REIT Sales Issues
A registered representative of NEXT Financial Group is accused of manipulating key figures and data used to monitor sales of real estate investment trusts to certain client groups,...
ADP Creates Simpler Form 5500 Compliance Reporting
The firm is introducing a simplified Form 5500 compliance reporting process, marking the second phase of its compliance dashboard enhancement effort.
Former Lead FINRA Enforcer Dissects Regulator’s 2019 Priorities Letter
In a Q&A with PLANADVISER, Mirella deRose draws on her experience leading FINRA enforcement in describing what she sees as the most important elements of the regulator’s recently...
Advisers Increasingly Turn to Third-Party Asset Managers
Many view this as a way to make their practices more efficient, plus add value.