Regulation

Displaying 10299 results

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Finra set to resume in-person arbitration hearings

Finra will reopen 62 of its 69 hearing locations in July, while allowing arbitration parties to continue to request remote proceedings. Even if in-person proceedings are allowed, Finra said arbitration parties can still continue to request a remote hearing.

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Finra should review ban on in-person arbitration hearings

One industry group is now calling on Finra to end the remote hearings it says are harming investors. Two hundred and sixty-three hearings have been conducted remotely as of the end of March.

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Legislators ask GAO to review target-date funds

The heads of the Senate and House committees overseeing labor want to know whether TDFs are working as advertised.

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GameStop legislation causes partisan fissures

Democratic bills address investor protection concerns related to the frenzy; Republicans warn against regulating ordinary investors out of the market.

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CalSavers upheld in US Court of Appeals case

A three-judge panel in the U.S. Court of Appeals for the Ninth Circuit affirmed a district court’s dismissal of the case. The savings system is not a plan under the Employee Retirement Income Security Act and is therefore not preempted by the law, the panel wrote in the opinion published yesterday.

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Brokers raise billions for green land deals IRS calls tax scams

Expanded government crackdowns on syndicated conservation easement land deals are creating financial and legal headaches for some wealthy investors.

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Gensler vows to ensure compliance with Reg BI ‘as written’

In his first appearance on Capitol Hill since being confirmed as SEC chair, Gensler also addressed ESG and the gamification of investing.

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OneDigital acquires hometown plan consultant

Atlanta-based Clearview Advisory serves more than 100 plans with $2.3 billion in assets.

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SEC chief signals new rules that could threaten Robinhood, Citadel

In remarks prepared for a House hearing Thursday, Gary Gensler shines a spotlight on online brokerages and market makers that dominate the business of executing retail investors' equity orders.

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House panel unanimously passes SECURE 2.0

The bill, which advances to the House floor with a strong bipartisan push, would raise the RMD age from 72 to 75, among many other provisions.

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Data security concerns force the DC industry to cooperate

The recent Government Accountability Office report and even more recent Department of Labor guidance on cybersecurity hammer home the reality that protecting plan and especially participant data has become a fiduciary responsibility.

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For 401(k) savers, words matter

'Investment risk' doesn't mean the same thing to everyone, and some words work better than others, according to a report from Invesco.

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House committee poised to advance SECURE 2.0 retirement savings bill

The bill, which builds on the SECURE Act, would raise the required minimum distribution age from 72 to 75 over 10 years.

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Proxy voting adds ESG leverage to retirement plans

A new Morningstar report presents proxy voting as a backdoor entry to ESG investing for retirement plan participants. As advocates pressure for simpler proxy voting procedures, retail investors could gain considerable leverage.

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Robos roll out crypto offerings ahead of potential Bitcoin ETF

Robo-advisers could be entryways for new market participants to gain access to crypto investing, while advocates wait for regulators to make a decision on a Bitcoin exchange-traded fund.

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American Trust Retirement acquires benefits consultant

Stanley Benefit Services is based in Greensboro, North Carolina; the transaction does not include a related RIA, Fund Direct Advisors.

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OneDigital acquires $1 billion retirement plan adviser

Connecticut-based Future Benefits Inc. serves more than 400 wealth management and retirement plan clients.

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Modernizing regulations to keep pace with technology

Finra has allowed fully remote inspections during the pandemic, and the industry is now encouraging the regulator to make the temporary adjustments into long-term changes.

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Ohio National broker pitched VA trades as ‘infinite banking’: Finra

The B-D's $1.3 million settlement with the regulator involves its failure to supervise adequately a complex series of transactions involving variable annuities and whole life insurance policies.

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DOL’s cybersecurity tips were needed, but 401(k)s shouldn’t ask much from participants

A system built around inaction shouldn’t expect people to become more involved with it, much less bear responsibility for keeping their accounts safe.