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...
Tag: Securities and Exchange Commission
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...
House Blocks Funding for SEC Regulation Best Interest
Industry groups argue that the move would strip critical investor protections.
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...
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...
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...
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...
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.
Benefits |
SEC’s Equity Compensation Reporting Rule Change Presents Opportunity for Employers
According to one experienced capital markets attorney, the SEC’s move this week to amend Securities Act Rule 701 is an important one...
SEC Seeks Employer Input on Equity Compensation Arrangements
The SEC recognizes that, "the American economy is rapidly evolving, including through the development of both new compensatory instruments and...
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...
Non-ERISA 403(b)s Could Be Affected by SEC Conflict of Interest Proposal
The Wagner Law Group says non-ERISA 403(b) plans may satisfy the definition of “retail customer” in the Securities and Exchange...
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...
SEC Proposes Moving Public Liquidity Risk Disclosure to Annual Reports
This would replace a pending requlation that would have required the disclosure to be made on Form N-PORT on a...
SEC Secures Fee Rebates for Faith-Based 403(b) Plan Sponsors
The SEC says Envoy Securities received at least $24,893.26 in 12b-1 fees in connection with investments in higher-fee share classes.