Regulation, Legal & Compliance

Displaying 11054 results
State regulators disrupt more than 200 pandemic-related frauds
REGULATION, LEGAL & COMPLIANCE AUG 19, 2020
State regulators disrupt more than 200 pandemic-related frauds

The worst may be yet to come as another wave of scams is expected regarding potential vaccines, the task force announced

By Mark Schoeff Jr.
SEC share-class crackdown could spell the end for 12b-1 fees
MUTUAL FUNDS AUG 19, 2020
SEC share-class crackdown could spell the end for 12b-1 fees

The latest case has some experts wondering if any level of disclosure will suffice

By Mark Schoeff Jr.
Why the payroll tax holiday is a bad idea
RETIREMENT PLANNING AUG 19, 2020
Why the payroll tax holiday is a bad idea

Squeezing Social Security’s funding source could accelerate the depletion of the trust fund

By Mary Beth Franklin
Here's how COVID-19 could test the value of ESOPs
RETIREMENT PLANNING AUG 19, 2020
Here's how COVID-19 could test the value of ESOPs

Employee ownership plans correlate with higher income and better retention, and companies with such plans are likely doing better than others right now, according to an ESOP group

By Emile Hallez
New DOL advice proposal is a step forward
OPINION AUG 19, 2020
New DOL advice proposal is a step forward

Two areas for further improvement are the measure's disclosure proposal and its stance on rollovers

By Dale Brown
One PEP for all clients: Retirement Income Summit day four
RETIREMENT PLANNING AUG 18, 2020
One PEP for all clients: Retirement Income Summit day four

The Secure Act provides numerous opportunities for advisers, and annuities are part of that, panelists said

By Emile Hallez
DOL rule requires lifetime income estimates on retirement plan statements
RETIREMENT PLANNING AUG 18, 2020
DOL rule requires lifetime income estimates on retirement plan statements

The regulation would implement a SECURE Act provision intended to help savers assess their nest eggs

By Mark Schoeff Jr.
Watch that RMD deadline, and other advice from the Retirement Income Summit
RETIREMENT PLANNING AUG 17, 2020
Watch that RMD deadline, and other advice from the Retirement Income Summit

Despite the relief provided by the CARES Act, people are more worried about retirement than ever, and their concept of it is changing, panelists said

By Emile Hallez
Democrats oppose DOL investment advice rules as convention begins
REGULATION, LEGAL & COMPLIANCE AUG 17, 2020
Democrats oppose DOL investment advice rules as convention begins

Vice presidential pick Kamala Harris signed a comment letter seeking withdrawal of the measure in August

By Mark Schoeff Jr.
SEC orders firm to pay for share-class disclosure failures
PRACTICE MANAGEMENT AUG 14, 2020
SEC orders firm to pay for share-class disclosure failures

Fresno, California-based SCF Investment Advisors took 12b-1 fees from mutual funds and revenue sharing from money market funds

By Mark Schoeff Jr.
No plan to end payroll tax permanently, White House says
RETIREMENT PLANNING AUG 14, 2020
No plan to end payroll tax permanently, White House says

Trump has suggested getting rid of the taxes several times recently, a move that threatens the solvency of Social Security and Medicare

By Bloomberg
McKinsey settles 401(k) suit for $39.5 million
RETIREMENT PLANNING AUG 13, 2020
McKinsey settles 401(k) suit for $39.5 million

Huntington Bancshares also settles a retirement plan lawsuit, while American Airlines sees a surprise win

By Emile Hallez
Advisers frustrated with Washington stalemate over pandemic relief
REGULATION, LEGAL & COMPLIANCE AUG 13, 2020
Advisers frustrated with Washington stalemate over pandemic relief

They urge getting money into the hands of Americans to boost consumer spending

By Mark Schoeff Jr.
SEC highlights compliance risks amplified by pandemic
PRACTICE MANAGEMENT AUG 12, 2020
SEC highlights compliance risks amplified by pandemic

The regulator wants firms to beef up supervision of remote workers and increase controls on fees and expenses

By Mark Schoeff Jr.
Merrill puts trainees’ sales efforts on hold
PRACTICE MANAGEMENT AUG 12, 2020
Merrill puts trainees’ sales efforts on hold

Calls by adviser newbies were violating compliance rules, report says

By InvestmentNews
SEC charges head of defunct California RIA with fraud
REGULATION, LEGAL & COMPLIANCE AUG 12, 2020
SEC charges head of defunct California RIA with fraud

The agency says Brendan Ross manipulated data to show higher fund returns

By InvestmentNews
SEC updates info for dually registered advisers on Reg BI
REGULATION, LEGAL & COMPLIANCE AUG 11, 2020
SEC updates info for dually registered advisers on Reg BI

New frequently asked questions tackle account decisions and the use of titles

By Mark Schoeff Jr.
Former LPL rep fined $5,000 over false signatures
INDEPENDENT BROKER DEALERS AUG 11, 2020
Former LPL rep fined $5,000 over false signatures

John McConkie signed documents for his supervisor

By InvestmentNews
Trump keeps $1.2 trillion of student-loan debt on ice
REGULATION, LEGAL & COMPLIANCE AUG 11, 2020
Trump keeps $1.2 trillion of student-loan debt on ice

The measure would postpone both repayments and the accumulation of interest through year-end on loans held by the federal government

By Bloomberg
Trump says he's considering capital gains tax cut
REGULATION, LEGAL & COMPLIANCE AUG 11, 2020
Trump says he's considering capital gains tax cut

The president could issue an executive order that indexes capital gains to inflation, which would cut investors' tax bills

By Bloomberg