Washington

Satisfy Department of Labor Guidelines with a Participant-Focused Approach to Target Date Funds

Satisfy Department of Labor Guidelines with a Participant-Focused Approach to Target Date Funds

Capital Group outlines a comprehensive way of evaluating target date funds to help satisfy DOL guidelines, while supporting participants' retirement savings efforts. Learn about the key factors in...

April 06, 2015 | 04:46 pm
DOL, SEC tag-teaming managers on enforcement

DOL, SEC tag-teaming managers on enforcement

Executives at money managers and other financial firms — bracing for new fiduciary standards from both the DOL and SEC — are feeling increasingly double-teamed by the agencies.

April 06, 2015
Global hunt for offshore tax cheats

Global hunt for offshore tax cheats

Today, many financial institution executives and foreign governments might soon start feeling much the same way about the rising tide of FATCA — the U.S. Foreign Account Tax Compliance Act...

April 06, 2015
Treasury Department, IRS release guidance to correct auto-enrollment errors

Treasury Department, IRS release guidance to correct auto-enrollment errors

The Treasury Department and the IRS on Thursday announced new guidance to defined contribution plans offering auto-enrollment features that will make it easier for the plans “to easily correct...

April 02, 2015 | 03:33 pm
Patriarch Partners files suit to have SEC charges heard in U.S. District Court

Patriarch Partners files suit to have SEC charges heard in U.S. District Court

Patriarch Partners and CEO Lynn Tilton are fighting back against charges announced by the SEC on Monday involving three of the private equity firm's funds.

April 01, 2015 | 01:03 pm
Schapiro: Multitude of trading venues a regulatory challenge for SEC

Schapiro: Multitude of trading venues a regulatory challenge for SEC

The equity market structure with more than 70 venues for trading and 35% of trades done in dark pools represents a major regulatory challenge for the Securities and Exchange Commission, Mary Schapiro,...

March 31, 2015 | 02:26 pm

J.P. Morgan executives said to be deposed in SEC asset management probe

J.P. Morgan Chase executives have been deposed and thousands of pages of internal documents subpoenaed as part of a U.S. investigation into the bank's asset management unit, according to people...

March 31, 2015 | 03:58 pm

SEC should increase board diversity disclosure — public pension funds

Nine large public pension funds asked the SEC on Tuesday to require companies to disclose more about their boards’ diversity.

March 31, 2015 | 03:32 pm
Accounting class-action lawsuits rise in 2014 — study

Accounting class-action lawsuits rise in 2014 — study

The number of securities class actions alleging accounting violations increased in 2014, spurred by increased SEC enforcement and more cases involving corporate restatements, according to a new report.

March 31, 2015 | 12:01 am
SEC charges private equity firm Patriarch, CEO with improper valuation

SEC charges private equity firm Patriarch, CEO with improper valuation

The SEC on Monday charged Patriarch Partners and CEO Lynn Tilton with improper asset valuation and failure to disclose poor performance of loan assets in three collateralized loan obligation funds...

March 30, 2015 | 02:26 pm
House budget calls for higher federal employee contributions and lower G Fund return

House budget calls for higher federal employee contributions and lower G Fund return

The House adopted a fiscal year 2016 budget Wednesday that calls for higher retirement contributions from federal workers and a lower rate of return for the Thrift Savings Plan's G Fund.

March 26, 2015 | 03:50 pm

Omega hedge fund firm receives federal subpoenas

Billionaire Leon Cooperman, founder of hedge fund Omega Advisors, told clients that his firm has been subpoenaed by the U.S. Attorney’s Office in New Jersey and the Securities and Exchange...

March 26, 2015 | 03:08 pm

More transparency sought at FSOC

Members of the Senate Banking, Housing and Urban Affairs Committee pressed for more transparency at the Financial Stability Oversight Council during a hearing Wednesday.

March 25, 2015 | 03:59 pm
High-frequency traders to be regulated by FINRA

High-frequency traders to be regulated by FINRA

High-frequency and other proprietary traders will be overseen by the Financial Industry Regulatory Authority under a proposed rule announced by the Securities and Exchange Commission on Wednesday.

March 25, 2015 | 02:33 pm
Broader SIFI designation has managers scrambling

Broader SIFI designation has managers scrambling

A number of large, global money managers are at risk of increased costs and competitive disadvantage if current proposals by global regulators to categorize them as systemically important financial...

March 23, 2015