Washington

More challenges promised despite church-plan victory

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Even with a recent Supreme Court ruling, the fight over church-plans exemption from federal pension law expected to continue.

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Dawn DeBerry Stump will be nominated to serve as commissioner of the Commodity Futures Trading Commission.
Officials urge careful steps in dealing with fiduciary rule

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Plan sponsors' fiduciary rule mantra: Read the fine print.
Investors leery of easing private equity regs

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Congress is moving forward with efforts to ease regulation of private equity firms.
Diversification helps, but for money managers it's still scary out there

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Markets have shown surprising resilience and even growth after upsets such as Brexit and the U.S. presidential election, but is that the result of a quirk or real strength?
House passes Dodd-Frank replacement bill

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Legislation replacing much of the Dodd-Frank Wall Street Reform and Consumer Protection Act was passed by the House on Thursday, in a party-line vote.
SEC picks 2 enforcement division directors

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Stephanie Avakian and Stephen Peikin have been named co-directors of the Securities and Exchange Commission's enforcement division.
Trump said to pick Scaramucci to be ambassador to OECD

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President Donald Trump reportedly will appoint SkyBridge Capital founder Anthony Scaramucci ambassador to the OECD.
U.S. corporate, public DC asset increases outpace DB in first quarter — report

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U.S. corporate defined benefit plan assets rose by $18.4 billion in the quarter ended March 31, reaching $3.362 trillion, a 0.55% increase, a report shows.
House, Senate Republicans increase efforts to turn back fiduciary rule

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Legislation to overturn the Department of Labor fiduciary rule that takes effect Friday was introduced in the House of Representatives and Senate on Thursday.
Fiduciary rule cannot be stopped, Labor secretary says

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The Labor Department has no authority to undo the new fiduciary rule set to take effect Friday, Secretary Alexander Acosta says.
PIMCO’s Ivascyn sees no sweeping tax reform, infrastructure spending

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The Trump administration and the Republican-controlled Congress are unlikely to produce sweeping tax or regulatory reform, according to PIMCO's CIO.
SEC power to recoup illegal profits curbed by Supreme Court

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The Supreme Court put new limits on a favorite tool used by securities regulators to recoup money from people found to have violated federal laws.
Asset owners see Trump's Paris exit as speed bump, not brick wall, for climate risk progress

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Trump's bailing out of Paris accord won't halt momentum of efforts to insulate institutional portfolios from climate risks.
Wages still catching up with jobs

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The U.S. Bureau of Labor Statistics reported this morning that the U.S. unemployment rate had fallen to 4.3% at the end of May, its lowest mark in 16 years.