Washington

ERISA at 40

ERISA at 40

While the Employee Retirement Income Security Act of 1974 benefited millions of people, it did not live up to the “retirement income security” part of its name. Along with praise for what ...

September 01, 2014
Lessons learned from ERISA

Lessons learned from ERISA

ERISA was a farsighted law in many aspects, especially in defining and assigning fiduciary responsibility, including prohibition on conflicts of interests, to those overseeing pension funds. But...

September 01, 2014
ERISA architect Nagle praised as intelligent, fair

ERISA architect Nagle praised as intelligent, fair

Robert E. Nagle, one of the architects of the Employee Retirement Income Security Act of 1974 who died Aug. 16, is remembered by colleagues as a good, kind, competent man whose knowledge and fairness ...

September 01, 2014
SEC announces pilot program to expand tick sizes for small-cap trades

SEC announces pilot program to expand tick sizes for small-cap trades

The SEC on Tuesday announced a one-year pilot program to widen minimum tick sizes for small-cap stocks.

August 26, 2014 | 05:46 pm

CFTC appoints new secretary

Christopher J. Kirkpatrick was named secretary of the Commodity Futures Trading Commission.

August 25, 2014 | 02:14 pm
High-speed traders enlist former CFTC commissioner to improve image

High-speed traders enlist former CFTC commissioner to improve image

Former U.S. Commodity Futures Trading Commission member Bart Chilton, an outspoken critic of some high-speed trading practices while at the agency, has been enlisted in a Washington-based effort to...

August 21, 2014 | 05:08 pm
Public pension funds get share of BofA’s record $16.65 billion settlement

Public pension funds get share of BofA’s record $16.65 billion settlement

Several state pension funds are among the recipients of Bank of America Corp.’s $16.65 billion in fines and consumer relief to end federal and state probes into mortgage bond sales.

August 21, 2014 | 03:45 pm
SEC rules Timbervest violated Investment Advisers Act

SEC rules Timbervest violated Investment Advisers Act

An SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.

August 20, 2014 | 04:18 pm

DOL issues RFI for guidance on brokerage windows in retirement plans

The Department of Labor issued a request for information to determine whether it should issue additional regulations and/or guidelines for brokerage windows in retirement accounts covered by the...

August 20, 2014 | 03:51 pm
SEC: Private fund manager AUM up 22% for year ended May 31

SEC: Private fund manager AUM up 22% for year ended May 31

Regulatory assets under management by private equity, hedge fund and other private fund managers required to register with the SEC increased 22% to $8.9 trillion in the year ended May 31.

August 19, 2014 | 03:46 pm
SEC ruling expected in Timbervest case

SEC ruling expected in Timbervest case

An SEC administrative law judge is scheduled to rule this week on whether institutional timber manager Timbervest LLC's violated securities laws and order firm officials to pay more than $15 million...

August 18, 2014
Robert Nagle, an architect of ERISA, dies at 84

Robert Nagle, an architect of ERISA, dies at 84

Robert E. Nagle, who as general counsel of the Senate Committee on Labor and Public Welfare was one of the architects of the Employee Retirement Income Security Act of 1974, died on Saturday night in ...

August 18, 2014 | 03:32 pm
S&P Dow Jones Indices stands pat on Russian stocks

S&P Dow Jones Indices stands pat on Russian stocks

S&P Dow Jones Indices will not remove any Russian stocks from its indexes at this time as a result of recent sanctions on some Russian securities imposed by the Department of Treasury’s Office...

August 18, 2014 | 02:45 pm
Challenges of cybersecurity

Challenges of cybersecurity

Trustees and other fiduciaries overseeing large asset pools face increasing challenges from cybersecurity risk, and must strengthen their risk management and preparedness to deal with these potential ...

August 18, 2014
Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

Cox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

August 13, 2014 | 06:04 pm