SEC Expanding Financial Education for Teachers, Military Personnel
The initiatives build on the Securities and Exchange Commission's (SEC’s) past efforts and focus additional enforcement and investor education on...
Tag: SEC
SEC Approves Final Regulation Best Interest, Form CRS
Importantly, the updated rulemaking will apply a best-interest standard to account recommendations, including rollovers from retirement plans into individual retirement...
DOL Secretary Says Fiduciary Collaboration with SEC Is Ongoing
However, when pressed by a Democratic lawmaker from Ohio, DOL Secretary Alexander Acosta was not able to provide specific details...
SEC Says Public Pension Funds Duped by County Manager
The regulator says a romantic interest led a county manager in Georgia to recommend one investment adviser over others to...
A Look Back at Important 2018 Regulatory Developments
Plan sponsors faced another year of rapid regulatory change in 2018, with important developments coming out of the DOL, IRS...
SEC Proposes Rules for Risk Mitigation of Security-Based Swaps
The Commission is requesting comment on how certain aspects of the proposed rules address how a security-based swap data repository...
Favorable CRS Form User Testing Results Published by SEC
In the conclusions chapter of the report, the Securities and Exchange Commission says respondents expressed generally positive assessments of the...
ICI Argues Intermediary-Driven Fund Disclosure System Is Flawed
ICI draws the conclusion that this system means fund shareholders are paying higher costs than is strictly necessary.
ICI Makes Recommendations for Improved Investment Disclosures
ICI created a prototype of a recommended summary shareholder report, tested it, and found the majority of investors agreed that...
DOL Not Giving Up on Fiduciary Rule
Both the DOL and SEC have a September 2019 date for a final action on corresponding fiduciary and best interest...
SEC Commissioner Calls for Simpler Ways to Compare Investments
Commissioner Stein also encouraged the SEC to implement “mandatory periodic disclosures about the value of investors’ 401(k) accounts to show...
Testing of SEC Adviser Relationship Summary Form Yields Troubling Results
A group of investor advocacy organizations is calling on the Securities and Exchange Commission to significantly revise its adviser customer...
SEC Proposals Would Level the Playing Field for ETFs
The agency is also proposing more disclosure to investors about ETFs, how they work and their costs.
Former State Street Executive Convicted of Defrauding Transition Management Customers
The SEC's complaint alleges that the former executive led a scheme to add secret commissions to securities trades performed for...
Former New York Retirement Fund Employee Sentenced in Pay-to-Play Scheme
Navnoor Kang allegedly used his position to direct up to $2.5 billion in state business to registered representatives at two...
SEC Finds Merrill Lynch Traders Overcharged for RMBS
The brokerage firm will pay more than $15 million in settlement.
SEC Seeks Comments on Fund Disclosures and the Fees Charged for Them
The agency also adopted a new rule allowing fund companies to share information via the Internet.
Opinions |
Barry’s Pickings: The Possibility of a ‘Provider’s ERISA’
Michael Barry, president of October Three (O3) Plan Advisory Services LLC, discusses how the Securities and Exchange Commission’s (SEC)’s broker/investment...
Appeals Court Rejects AARP, State Arguments to Revive DOL Fiduciary Rule Process
The decision puts another layer of finality on the fate of the now-defunct Department of Labor fiduciary rule expansion, meaning...
New Conflict-of-Interest Proposal Expected from SEC
As the Department of Labor (DOL) fiduciary rule process appears destined for defeat, experts speculate about the possibility that the...