SEC’s Proposed Money Market Funds Rules Draw Opposition
’Swing pricing’ and liquidity minimums have at least one large asset manager threatening to exit the market.
Tag: SEC
Climate Disclosure Rules Proposed by SEC
Organizations would be required to disclose their governance of climate-related risks and relevant risk management processes, as well as their...
SEC Proposes New Money Market Fund Rules
The proposed amendments are designed to address potential runs on money market funds during times of market stress.
SEC Proposes Rule to Increase Securities-Lending Market Transparency
The Dodd–Frank Act mandated that the agency increase transparency regarding the loaning or borrowing of securities for brokers, dealers and...
SEC Spotlights Revenue Sharing Disclosure Failures
A recent regulatory order filed by the Securities and Exchange Commission demonstrates some of the ways revenue sharing and disclosure...
New SEC Adviser Says Consumer Protection is Top Priority
Barbara Roper, who is known for her extensive work on financial services consumer protections as a leader of the Consumer...
TIAA Subsidiary’s SEC Settlement Requires Rollover Reforms
Regulators say the firm failed to adequately disclose conflicts of interest to thousands of participants in TIAA recordkept employer-sponsored retirement...
SEC Settles Charges of Cybersecurity Failure Against GWFS Equities
The broker/dealer has agreed to a $1.5 million fine, a censure and an order to cease and desist from future...
The SEC’s Retail Mutual Fund Disclosure Framework Is Changing
A new Securities and Exchange Commission proposal takes a sensible, layered approach to disclosure that takes advantage of today’s ubiquitous...
VALIC Financial Advisors Charged With Disclosure Failures
The SEC says VALIC Financial Advisors failed to disclose to Florida teachers practices that generated millions of dollars in fees...
Back to the Fiduciary Future?
Analysts say the Department of Labor is officially reinstating the “five-part test” for determining fiduciary status.
Newly Published DOL Fiduciary Proposal Matches SEC’s Reg BI
The proposed rule aligns with the SEC’s Regulation Best Interest and the Suitability in Annuity Transactions Model Regulation adopted last...
How the SEC’s Reg BI Will Affect Retirement Plan Sponsors and Participants
While participants will be affected more than sponsors, sources say it is a best practice for sponsors to know when...
Warren Asks DOL Secretary Not to Mimic Reg BI
The Democratic presidential candidate fears the DOL is considering a fiduciary rule that would permit advisers providing advice on retirement...
SEC Finds Concerns About Money Market Funds and TDFs
Among other things, the agency found some TDFs had marketing materials with asset allocation disclosures that differed from the TDFs’...
AIG Confirms Investigation of 403(b) Annuity Sales Practices
It has been reported that the SEC is investigating sales and disclosure practices at VALIC, a unit of AIG, including...
Law Firm Confirms SEC Examination of 403(b) Plan Investment Practices
A client alert says the SEC has sent letters to companies that administer 403(b) and 457 retirement plans asking for...
The Retirement Industry Needs a Top Cop’s Guidance
All of the President’s cabinet secretaries have substantial authority to promulgate, interpret and enforce regulations. The DOL Secretary, in particular,...
(b)lines Ask the Experts – Impact of SEC’s Regulation Best Interest
Experts from Groom Law Group and Cammack Retirement Group answer questions concerning 403(b) plans and regulations.
House Blocks Funding for SEC Regulation Best Interest
Industry groups argue that the move would strip critical investor protections.