Regulation

Labor Department extends fiduciary rule comment period

Labor Department extends fiduciary rule comment period

The Department of Labor will give extra time for public comments on its proposed new fiduciary conflict-of-interest rule.

May 15, 2015 | 05:10 pm
SEC to expand alternative investment examination program to more asset classes

SEC to expand alternative investment examination program to more asset classes

Securities & Exchange Commission plans to expand its ongoing alternative investment examination program to other alternative investment managers including credit advisers, infrastructure and timber...

May 14, 2015 | 02:26 pm
SEC approves small-cap tick pilot

SEC approves small-cap tick pilot

The Securities and Exchange Commission on Thursday gave final approval for a two-year pilot program beginning May 6, 2016, to increase the tick sizes — minimum quoting and trading increments...

May 07, 2015 | 03:44 pm
Experts see trouble ahead from MiFID II

Experts see trouble ahead from MiFID II

European market regulators' efforts to apply equity templates to trading in other asset classes will be felt by U.S. money managers and asset owners through higher trading costs, reduced investment...

May 04, 2015
Borzi: Updated Form 5500, fiduciary hearings on DOL summer calendar

Borzi: Updated Form 5500, fiduciary hearings on DOL summer calendar

The Department of Labor is planning a busy summer, Assistant Secretary Phyllis Borzi told attendees at the International Foundation of Employee Benefit Plans’ Washington legislative conference...

May 04, 2015 | 04:01 pm

Knowing the difference between 2 facets of the fiduciary standard

President Barack Obama's remarks on Feb. 23 about the Department of Labor's re-proposed fiduciary standard are an excellent illustration of the two faces of a fiduciary standard. On the one hand, Mr. ...

May 04, 2015
Concerned? Please speak up

Concerned? Please speak up

The Department of Labor has taken a welcome step in protecting the retirement assets of workers with its proposed new fiduciary rule.

May 04, 2015
SEC proposal would require certain non-U.S. swap dealers to register in U.S.

SEC proposal would require certain non-U.S. swap dealers to register in U.S.

The SEC on Wednesday proposed requiring non-U.S. swap dealers that operate trading desks in the U.S. to register with the agency as a security-based swap dealer.

April 30, 2015 | 11:30 am
SEC approves pay-for-performance requirement for companies

SEC approves pay-for-performance requirement for companies

The Securities and Exchange Commission on Wednesday approved new pay-for-performance requirement that means companies must now disclose the relationship between executive compensation and financial...

April 29, 2015 | 03:35 pm
DeAWM petitions DOL for exemption to manage U.S. retirement assets

DeAWM petitions DOL for exemption to manage U.S. retirement assets

Deutsche Asset & Wealth Management, the money management unit of Deutsche Bank, applied to the U.S. Department of Labor for permission to continue providing services to retirement plans after the...

April 28, 2015 | 03:42 pm
Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank to pay $2.5 billion settlement for LIBOR manipulation

Deutsche Bank will pay more than $2.5 billion to settle charges by U.S., U.K. and New York state authorities that it manipulated the London interbank offered rate for the U.S. dollar, yen, pound and...

April 23, 2015 | 12:00 pm
Investor groups say SEC should require companies to disclose political spending

Investor groups say SEC should require companies to disclose political spending

Five state treasurers, including North Carolina Treasurer Janet Cowell, sole trustee of the $88.8 billion North Carolina Retirement Systems, Raleigh, are urging the SEC to require corporate political ...

April 21, 2015 | 03:49 pm
DOL's proposed fiduciary rule on advice gets a thumbs-up

DOL's proposed fiduciary rule on advice gets a thumbs-up

Defined contribution industry executives are optimistic that after nearly four years of work and intense debate, the Department of Labor's proposal for updating a 40-year fiduciary standard for...

April 20, 2015
GE holds talks with sovereign wealth funds for sale of finance assets

GE holds talks with sovereign wealth funds for sale of finance assets

General Electric Co. has held talks with “a broad geographic spectrum” of sovereign wealth funds as part of the effort to sell the bulk of its financial business, said Jeff Bornstein,...

April 17, 2015 | 04:05 pm
DOL grants BNP Paribas money management exemption

DOL grants BNP Paribas money management exemption

BNP Paribas can continue providing money management services to U.S. retirement plans, despite the parent company's June 2014 guilty plea to violating U.S. sanctions in several countries.

April 15, 2015 | 04:12 pm