New report argues the guidelines, developed more than a decade ago, must be updated to better reflect current landscape of 401(k) plan options.
The company’s share price slumped after the federal regulator revealed charges of “massive fraud” against its auditing firm, leading to $14M in penalties.
The financial services giant reported a years-long system failure that exposed names, addresses, Social Security numbers, and other sensitive info.
A growing sentiment against restricting employee moves could affect non-solicitation, too.
The regulator’s motion to restrict noncompete agreements has drawn an immediate reaction from business groups and financial industry stakeholders.
Opponents left disappointed after final rule released, DOL accused of 'conducting an ideological campaign to ban commissions'.
Following debate from advisors and retirement plan stakeholders, the Department of Labor is set to unveil its final decision on the rule.
Surveys show student loans are a massive financial impediment for many. A recent Biden administration proposal to reduce or forgive some debt would help a small portion of borrowers.
An alert from the regulator details problems it found in firms' compliance procedures, advertising practices, and Form ADV disclosures.
The regulator's Bill St. Louis has been sharing his priorities.
More than 30 senators are supporting a measure that would overturn the regulator’s climate disclosure rule.
'Is four grand really going to influence a politician’s thinking?' one consultant asks.
The Texas lawsuit accuses the SEC of acting without authority to create the Consolidated Audit Trail, a database that would collect virtually all US trading data.
CEO says it's nothing new to be talking to regulators.
Proposals would help funds cope with market stress.
The suit involved 13 advisors, all of whom joined Empower via its acquisition of Personal Capital, who departed to establish a rival advisory firm.
Industry groups express disappointment at the Office of Management and Budget's speedy review of the controversial rule.
The regulator’s crackdown centered on the firms' use of hypothetical performance data and led to a total of $200,000 in penalties.
The SEC and other federal regulators are reportedly probing the banking giant over its anti-money-laundering and client vetting practices.
'Real-world experience' shows impact of fiduciary standard on Main Street investors, advisor association warns.
