Preparing for the Retirement Security Rule
Some provisions are set to come into effect in September.
Tag: IAA
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.
SEC Unlikely to Abandon Predictive Analytics Proposal, Says Outgoing Division Director
William Birdthistle, the Securities and Exchange Commission’s current director of investment management, told an IAA conference the SEC will continue...
IAA and CFA Institute Conducting Survey on Marketing Rule Compliance
The survey seeks to collect data on compliance practices.
Fiduciary Proposal Comment Period Ends With More Mixed Feedback
The IAA and Morningstar offered conditional support to the Department of Labor’s proposal and the ACLI called for a full...
SEC’s AI Proposal Would Negatively Affect Retirement Education Features, Commenters Say
The feedback period for the SEC proposal on artificial intelligence and conflicts of interest closed today, and the feedback has...
SEC Reopens Comment Period for RIA Investment Custody Rule
The regulator also announced a new proposal to increase transparency and disclosures for private fund managers such as private equity...
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...
Number of Investment Advisers Hit Record High in 2022
The uptick occurred even as assets under management fell for the first time since the 2008 financial crisis, according to...
IAA: SEC’s Pending Adviser Proposals Are Redundant, Inconsistent
A letter from the industry association outlines what it calls overlap and inconsistencies between them.
House Bills Would Expand Accredited Investor Pool to Include Clients of Advisers
The House Committee on Financial Services advanced a bill that would allow RIA clients to invest in unregulated offerings such...
House Committee Unanimously Approves Bill Requiring SEC to Study Size Cutoff for Advisory Firms
The Small Entity Update Act requires the SEC to revisit the ‘small entity’ definition of advisory firms every five years.
Investment Group Calls On FTC to Exempt Execs From Non-Compete Ban
The IAA wants to keep non-compete clauses for employees with access to proprietary investment data, as the end of the...
Proposed SEC Cybersecurity Rule Requires Prompt Notice to Prevent Contagion
The SEC reopened the comment period on its cybersecurity rule last week, in part so advisers can take more time...
SEC Reopens Comment Period for Proposed Cybersecurity Rules
The rules from the February 2022 proposal include new recordkeeping requirements, and industry actors requested more time to review them.
SEC’s Uyeda Expresses Concern about SEC Overreach
Republican commissioner specifically mentioned the new outsourcing rule, pay-to-play enforcement and compliance periods for SEC rules.