SEC

Investors pushing harder for cybersecurity solution

RISK MANAGEMENT -

RISK MANAGEMENT -

The SEC's recent guidance on cybersecurity disclosure doesn't ease pressure on investors to seek more transparency, sources said
Fort Myers pension fund sues over Willis Towers Watson merger

Courts -

Courts -

A Fort Myers pension fund filed a lawsuit against the Willis Towers Watson CEO and former members of the board of predecessor firm Towers Watson & Co.
Senators call on SEC, FINRA for sexual harassment data for financial sector

GOVERNANCE -

GOVERNANCE -

Three senators asked the SEC and the FINRA to provide data on the prevalence of sexual harassment within the financial sector.
SEC Chairman Jay Clayton outlines goals for a new fiduciary standard

REGULATION -

REGULATION -

An SEC fiduciary rule should provide investors clarity about the role of their adviser, enhanced protection and offer regulatory coordination, Jay Clayton said.
SEC issues guidance on corporate cybersecurity disclosure to investors

REGULATION -

REGULATION -

The SEC approved an interpretive guidance for public companies on how to prepare disclosures about cybersecurity risks and incidents.
SEC rejects Chicago Stock Exchange sale to Chinese investors

Regulation -

Regulation -

The SEC on Thursday rejected the proposed sale of the Chicago Stock Exchange to a group headed by investors based in China.
SEC commissioner calls for curb on dual-class 'forever' shares

MARKETS -

MARKETS -

U.S. exchanges should consider barring companies that offer lifetime dual-class shares or requiring them to include sunset provisions.
When Trump's SEC punishes Wall Street, it's often done quietly

REGULATION -

REGULATION -

Under President Donald Trump, a top financial regulator isn't embarrassing Wall Street as much as it used to.
Budget proposal seeks hike in multiemployer PBGC premiums

WASHINGTON -

WASHINGTON -

Multiemployer pension funds would see their PBGC premiums increase over the next decade under a White House budget proposal released Monday.
SEC exams to focus on retirement savers, markets

REGULATION -

REGULATION -

Exam priorities for the SEC in 2018 include protecting retirement savers, critical market infrastructure providers and more.
SEC chairman says he's not ready to force arbitration

Regulation -

Regulation -

Barring investor lawsuits is not on his radar, SEC Chairman Jay Clayton told a Senate panel.
Intercontinental Exchange moves pension fund allocation to nearly all bonds

Pension Funds -

Pension Funds -

Intercontinental Exchange overhauled the asset allocation of its frozen U.S. defined benefit plan as a result of its derisking strategy.
Commentary: Rebate debate misses the mark

INDUSTRY VOICES -

INDUSTRY VOICES -

Though often criticized, broker rebates provide an incentive for efficient trades, but one model offers investors a better deal.
Big shadow hangs over big data

OPINION -

OPINION -

Big data if misused could betray investors and traders enamored with its potential.
MetLife finds accounting issue, boosts pension, annuity reserves

PENSION FUNDS -

PENSION FUNDS -

MetLife said it has reached out to regulators after determining that it didn't have enough money set aside to pay some annuity and pension customers.