People giving advice to defined contribution plan participants about lump-sum distributions and rollovers to individual retirement accounts should be covered by a new fiduciary standard, several...
August 12, 2015 | 03:59 pm
Investment manager WPN Corp. and Ronald LaBow, its former president, were ordered Monday to pay $15 million to two defined benefit plans of Severstal Wheeling Inc. for failing to diversify plan assets.
August 12, 2015 | 03:17 pm
An SEC proposal to require money managers to submit additional information about separately managed account clients should proceed carefully, said several letters filed Tuesday.
August 11, 2015 | 03:52 pm
A customer bill of rights would go “a long way toward informing participants” in retirement savings accounts about what they are paying in fees and transaction costs, and would be better...
August 11, 2015 | 03:47 pm
The SEC's inspector general has not found evidence to support allegations of bias in the agency's administrative proceedings, but will continue its investigation, said an interim report.
August 11, 2015 | 03:17 pm
The pressure on private equity and hedge fund firms to disclose more about what investors pay them continues to build from Washington regulators questioning long-held traditions.
August 10, 2015
Public hearings on an updated fiduciary standard proposed by the Department of Labor got underway Monday with witnesses presenting a range of positions.
August 10, 2015 | 03:38 pm
Guggenheim Partners Investment Management agreed to pay $20 million to settle charges of failing to disclose a $50 million loan to a senior executive from an advisory client.
August 10, 2015 | 03:45 pm
The implementation of the Volcker rule last month is expected to accelerate the trend among institutional money managers to break up their block trades in fixed income, causing concern that the...
August 10, 2015
Social Security had a brief mention at the first Republican presidential candidate debate for the 2016 election on Thursday night, with two of the 10 highest-polling Republican candidates discussing...
August 07, 2015 | 01:48 pm
The SEC on Wednesday recommended establishing registration rules for security-based swaps dealers and major swap participants that also would allow those that are subject to enforcement actions to...
August 05, 2015 | 04:08 pm
Gray Financial Group won a preliminary injunction Wednesday stopping a Securities and Exchange Commission administrative proceeding in a federal court ruling addressing the larger question of whether ...
August 05, 2015 | 03:24 pm
Public companies must disclose the ratio of CEO pay to median employee pay under a rule adopted Wednesday by the Securities and Exchange Commission.
August 05, 2015 | 01:29 pm
The Dodd-Frank Wall Street Reform and Consumer Protection Act “has backfired,” Securities and Exchange Commissioner Daniel M. Gallagher Jr. told a U.S. Chamber of Commerce audience Tuesday.
August 04, 2015 | 03:43 pm
PIMCO said regulators are considering taking action against the firm over marking of securities in the exchange-traded fund version of its flagship Total Return Fund.