Washington

SEC to propose that mutual funds disclose risk of rate rise

SEC to propose that mutual funds disclose risk of rate rise

The Securities and Exchange Commission is set to propose a requirement that mutual fund companies report how vulnerable their bond portfolios are to interest rate changes, said two people familiar...

May 20, 2015 | 11:37 am
SEC proposes rules requiring more fund disclosure, including on derivatives

SEC proposes rules requiring more fund disclosure, including on derivatives

The Securities and Exchange Commission announced Wednesday a series of proposals aimed at modernizing and enhancing data reporting by registered investment companies and investment advisers.

May 20, 2015 | 03:42 pm
Fed cites weakening economic data in reaffirming low rates

Fed cites weakening economic data in reaffirming low rates

The Federal Open Market Committee's decision to reaffirm the zero-to-0.25% target range for the federal funds rate at its April 28-29 meeting was based on weakening economic data, moving the path to...

May 20, 2015 | 03:29 pm
Seeing red over bank affiliates' waivers

Seeing red over bank affiliates' waivers

Money managers affiliated with banks admitting they violated U.S. securities, banking and other laws could find it hard to get the necessary permission from regulators to continue running the more...

May 18, 2015
Experts dissecting fiduciary rule's carve-outs

Experts dissecting fiduciary rule's carve-outs

Defined contribution industry participants are paying close attention to the carve-outs — exemptions distinguishing non-fiduciary behavior from fiduciary behavior — in the Labor...

May 18, 2015
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
Pennsylvania Senate passes pension reform bill

Pennsylvania Senate passes pension reform bill

The Pennsylvania State Senate passed a pensions reform bill Wednesday that intends to update the funding, sustainability and fiscal responsibility of the state's two largest pension funds, said...

May 14, 2015 | 02:14 pm
Senators urge caution on multiemployer cuts

Senators urge caution on multiemployer cuts

Democratic members of the Senate Finance Committee asked Treasury Department officials to tread carefully as they develop the process for implementing multiemployer pension reforms enabling some...

May 14, 2015 | 03:32 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 to scrutinize private equity secondary transactions

SEC to scrutinize private equity secondary transactions

SEC examiners will be paying closer attention to how private equity firms handle secondary transactions, Igor Rozenblit said Wednesday at a global private equity conference in Washington.

May 13, 2015 | 03:06 pm
SEC's Gallagher said to resign as commissioner

SEC's Gallagher said to resign as commissioner

Daniel Gallagher is resigning his post as a Republican member of the Securities and Exchange Commission after four years, a time marked by partisan battles over the regulatory...

May 13, 2015 | 01:55 pm
SEC's acting director of investment management gets permanent position

SEC's acting director of investment management gets permanent position

David Grim was named director of the division of investment management at the Securities and Exchange Commission, spokeswoman Judith Burns said.

May 08, 2015 | 01:11 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
Colorado pension bond bill fails to clear Senate before session ends

Colorado pension bond bill fails to clear Senate before session ends

A bill to issue pension obligations bonds for the $45 billion Colorado Public Employees' Retirement Association, Denver, is dead after it failed to clear both chambers before the legislative session...

May 07, 2015 | 02:05 pm
PBGC to pay $5.25 million to retired US Airways pilots

PBGC to pay $5.25 million to retired US Airways pilots

The PBGC will pay $5.25 million to a group of retired US Airways pilots whose lump-sum payments were delayed, under a class-action settlement approved by the U.S. District Court for the District of...

May 04, 2015 | 03:07 pm