News

Second Circuit to hear Reg BI challenge in early June

Fiduciary Governance Blog • May 11, 2020 May 11, 2020 • News • Tags: Best Interest, SEC

Court Expedites Reg BI Oral Arguments | ThinkAdvisor

The case brought by XY Planning Network and the state AGs shall be heard on June 2.

ThinkAdvisor

More on Thrift Savings Plan/China controversy

George Michael Gerstein • May 8, 2020 May 7, 2020 • News

3 Federal Thrift board nominees could form new majority

Three nominees for the Federal Retirement Thrift board could reignite debate on shifting to an index fund that includes Chinese firms.

Pensions & Investments

Larry Stadulis interviewed by press on SEC guidance re. use of term ‘adviser’

Fiduciary Governance Blog • May 8, 2020 May 8, 2020 • News • Tags: SEC

Larry Stadulis was interviewed by FT’s Fund Fire, as picked up by Financial Advisor IQ.

Federal retirement plan’s likely expansion into Chinese equities spurs White House and Congressional scrutiny

George Michael Gerstein • May 7, 2020 May 7, 2020 • News • Tags: Fiduciary Duties

Trump Considers Banning Chinese Stock in Federal Pension, Reports Say | Chief Investment Officer

The White House is reportedly reviewing its options against a planned investment into Chinese equities.

Chief Investment Officer

SEC steps up whistleblower awards

Fiduciary Governance Blog • May 5, 2020 May 5, 2020 • News • Tags: SEC

WSJ News Exclusive | SEC Ramps Up Whistleblower Awards

The Securities and Exchange Commission has stepped up the awards it pays to whistleblowers after years of complaints that it has been slow to compensate them for the risks they take to help spot fraud.

WSJ

George Michael Gerstein interviewed on the fate of the expected DOL fiduciary rulemaking this year

Fiduciary Governance Blog • May 1, 2020 April 30, 2020 • News • Tags: DOL, Fiduciary Rule

Fiduciary rule rewrite still expected despite departure of DOL official - InvestmentNews

The agency may not complete the legislation until late in the year, while it deals with fallout from COVID-19.

InvestmentNews

DOL grants COVID-19 guidance for plan sponsors and administrators

George Michael Gerstein • April 29, 2020 April 29, 2020 • News • Tags: COVID-19, ERISA

EBSA issues relief, guidance for employee benefits plans

Retirement plan officials will have more time to furnish benefit statements, annual funding notices and other disclosures required by ERISA.

Pensions & Investments

COVID-19 Coverage: SEC launches monitoring group

Fiduciary Governance Blog • April 28, 2020 April 28, 2020 • News • Tags: COVID-19, SEC

SEC launches COVID-19 market monitoring group

The SEC formed a cross-divisional team to monitor the effects of COVID-19 on markets, issuers and investors.

Pensions & Investments

Key DOL official stepping down

George Michael Gerstein • April 24, 2020 April 24, 2020 • News • Tags: DOL

EBSA head Preston Rutledge to step down May 31

Preston Rutledge is to leave his post as assistant secretary of labor for the Employee Benefits Security Administration on May 31.

Pensions & Investments

Iowa proposes best interest rule

George Michael Gerstein • April 21, 2020 April 21, 2020 • News • Tags: Best Interest, Iowa

Iowa Proposes Best-Interest Rule for BDs, Annuity Agents | ThinkAdvisor

Iowa Insurance Division's plan is based on model regulation approved earlier this year.

ThinkAdvisor