Washington

First fines in forex probe expected Wednesday

U.S., U.K. and Swiss authorities are preparing to levy the first penalties over foreign-exchange manipulation against at least six banks on Wednesday.

November 11, 2014 | 04:24 pm
Critics strike back at tick-size pilot program

Critics strike back at tick-size pilot program

The inclusion of a trade-at provision in the SEC's proposed small-cap tick-size pilot program is proving controversial, with debate centering on whether it unfairly targets dark pools and makes the...

November 10, 2014
Book pushes changes to forestall retirement crisis

Book pushes changes to forestall retirement crisis

The U.S. retirement system needs an upgrade, says a new book recommending changes in defined contribution plans, tax policy, legislation, and Social Security.

November 10, 2014
GOP Congress might revisit tax incentives for retirement plans

GOP Congress might revisit tax incentives for retirement plans

As Republicans prepare to take control of the 114th Congress in 2015, their agenda could change the tax incentives for retirement plan sponsors and participants. Money managers could also see changes ...

November 10, 2014
Justice Department, SEC probe State Street over political contributions

Justice Department, SEC probe State Street over political contributions

The Justice Department and Securities and Exchange Commission are investigating State Street Corp. concerning the custody bank's solicitation of business from public pension funds, including...

November 10, 2014 | 02:30 pm
Target-date fund outcomes expose fiduciaries to risk

Target-date fund outcomes expose fiduciaries to risk

TDFs are often black boxes, so many fiduciaries don't realize they do not have a rigorous conceptual basis — as demonstrated by the dramatic variation in the returns and asset allocations of...

November 10, 2014

Eaton Vance receives SEC exemption for active non-transparent ETFs

The SEC granted Eaton Vance an exemption from certain provisions of the Investment Company Act of 1940 to permit the offering of exchange-traded managed funds, said Eaton Vance spokeswoman Robyn Tice.

November 07, 2014 | 03:52 pm

CFTC collects $3.27 billion in sanctions in fiscal 2014

The Commodities Futures Trading Commission collected a total of $3.27 billion in monetary sanctions from enforcement actions in the 12 months ended Sept. 30, the CFTC’s fiscal year.

November 06, 2014 | 03:56 pm
Retirement issues likely to be addressed by Republican-led Congress

Retirement issues likely to be addressed by Republican-led Congress

Retirement issues rarely came up during federal elections that gave Republicans control of the House and Senate on Tuesday, but that is expected to change when the 114th Congress convenes in January.

November 05, 2014 | 04:21 pm

Labor Department files lawsuit against fiduciaries of Severstal Wheeling Inc.

The Labor Department filed a lawsuit against the fiduciaries of two Severstal Wheeling Inc. defined contribution plans, alleging the fiduciaries “imprudently invested” plan assets,...

November 04, 2014 | 04:14 pm
SEC releases tick size pilot program plan for comment

SEC releases tick size pilot program plan for comment

The SEC late Monday released for public comment its plan to do a one-year pilot program to widen minimum tick sizes for small-cap stocks.

November 04, 2014 | 12:06 pm
Justice Department targets J.P. Morgan Chase forex business in criminal probe

Justice Department targets J.P. Morgan Chase forex business in criminal probe

J.P. Morgan Chase & Co.'s foreign exchange trading business is the target of a criminal probe by the U.S. Department of Justice, said a company filing with the SEC Monday.

November 04, 2014 | 09:26 am
Precision, flexibility vital for DC plans, say speakers at P&I conference

Precision, flexibility vital for DC plans, say speakers at P&I conference

Defined contribution executives need to be both precise and flexible in the managing of their plans, according to fellow sponsors, consultants and providers who spoke at the annual Pensions &...

October 29, 2014 | 01:24 pm
Fed stops bond buying, stays with federal funds rate near zero

Fed stops bond buying, stays with federal funds rate near zero

The Federal Open Market Committee’s bond-buying program will end this week, members announced Wednesday at the end of a two-day meeting, citing “substantial improvement” in the...

October 29, 2014 | 03:32 pm
DOL looking at conflicts of interest for consultants

DOL looking at conflicts of interest for consultants

Labor Department officials are scrutinizing potential conflicts of interest when pension consultants with fiduciary responsibilities also manage a plan’s assets or recommend themselves for that ...

October 28, 2014 | 04:08 pm