The new class-action suits against the three employers allege fiduciary breaches. Two defendants in other cases recently reached settlements over $1 million.
Advisers remain wary of President Joe Biden's proposals to raise capital gains taxes, which face political obstacles in Congress. There’s almost no chance any Republicans will support the administration's tax proposals.
Uncertain regulation and a lack of historical data are issues that keep advisers on the sidelines when it comes to digital currencies.
It is proposing two exchange-traded funds that will have 85% of their assets in cryptocurrency-linked equities, and the remainder in trusts and funds that hold cryptocurrencies.
Wall Street’s top regulator is calling for a broad-based review of the rules that underpin trading in the U.S. equities.
The Financial Services Institute is worried about how the agency might expand Reg BI's reach. The problem is tied to setting new disclosure standards through enforcement initiative, rather than doing so through rulemaking.
The SEC's flurry of activity has drawn concern not only from Capitol Hill Republicans but also the agency’s Republican commissioners, Elad Roisman and Hester Peirce.
Under the bill, businesses in the state that have been operating for at least two years and have at least 10 employees would be required to participate. The state passed legislation in 2018 to establish a voluntary IRA system for the private sector, but it has yet to implement that program.
The lack of training for retirement committees and plan professionals is appalling, especially in the retail DC market. Many people got their job when someone walked into their office and said, 'Good luck, you’re now in charge of running our retirement plan,' and then walked out.
The broker David A. Rockwell defrauded a bank when he applied for lines of credit in the names of two clients
Bipartisan emergency savings legislation would allow employees to withdraw up to $1,000 per year from their workplace retirement account without penalty.
The regulator's proposed rule would also allow brokers to leave the industry and maintain their registration longer if they complete continuing education, a move that could benefit women who step away to have families.
The Treasury Secretary said President Joe Biden should push forward with his $4 trillion spending plans even if they trigger inflation that persists into next year and higher interest rates.
Ending mandatory arbitration has become a top priority for consumer advocacy groups, like the Public Investors Advocate Bar Association and others, that claim investors should have the option of laying out their case before a judge or jury.
Public Company Accounting Oversight Board Chairman William Duhnke will be replaced on an acting basis by board member Duane DesParte, but the SEC says it is looking for candidates to fill all five PCAOB board positions.
John Hancock and Lowe's are paying millions to settle class-action claims, while a new lawsuit was filed against Northern Trust that rehashes old claims.
The organization will reopen hearings on Aug. 2 in seven jurisdictions that had remained closed. Finra postponed in-person arbitration hearings when the pandemic began in March 2020.
SEC slapped Emperor Investments with a $25,000 fine. The charges mark the third enforcement action brought by the SEC against digital advisers.
GOP members of House Financial Services Committee question whether climate risk meets the materiality standard.
Europe’s new Sustainable Finance Disclosure Regulation requires the industry to label how green an investment product is so that end investors know what they’re buying. But the requirements have yet to be finalized, leaving plenty of room for questions.
