Washington

Supreme Court will hear church-plan cases

Supreme Court will hear church-plan cases

The U.S. Supreme Court agreed Friday to take several cases challenging whether church-affiliated defined benefit plan sponsors must be covered by the Employee Retirement Income Security Act.

December 02, 2016 | 04:07 pm
Schwarzman, Fink among those named to Trump strategic and policy team

Schwarzman, Fink among those named to Trump strategic and policy team

President-elect Donald J. Trump formed a team called the President's Strategic and Policy Forum composed of money managers and corporate heads to offer their views on the intersection of public...

December 02, 2016 | 03:45 pm
Virginia Foxx tapped to chair education and workforce committee

Virginia Foxx tapped to chair education and workforce committee

U.S. Rep. Virginia Foxx, R-N.C., was elected chairwoman of the House Committee on Education and the Workforce Committee, the House Republican Steering Committee announced Friday.

December 02, 2016 | 02:24 pm
PIMCO settles with SEC over Gross-run ETF performance and valuation issues

PIMCO settles with SEC over Gross-run ETF performance and valuation issues

PIMCO will pay $20 million and hire an outside compliance consultant to settle charges that it misrepresented the performance of its Total Return ETF, the Securities and Exchange Commission said...

December 01, 2016 | 05:26 pm
SEC says appeals court should take on pension fund lawsuit against exchanges

SEC says appeals court should take on pension fund lawsuit against exchanges

The SEC said a federal appellate court should consider an appeal of a lower-court ruling in a suit filed by investors, including three pension funds, that claimed exchanges favor high-frequency...

December 01, 2016 | 03:27 pm
Trump picks Mnuchin as treasury secretary, Ross for commerce

Trump picks Mnuchin as treasury secretary, Ross for commerce

President-elect Donald J. Trump nominated Steven Mnuchin for treasury secretary and Wilbur Ross for commerce secretary.

November 30, 2016 | 11:58 am
SEC Equity Market Structure Advisory Committee operations extended 6 months

SEC Equity Market Structure Advisory Committee operations extended 6 months

The SEC's Equity Market Structure Advisory Committee will operate for an additional six months beyond its original end date of February 2017, the Securities and Exchange Commission announced Tuesday.

November 29, 2016 | 11:05 am
NIRS report: PPA didn't really work as planned

NIRS report: PPA didn't really work as planned

Despite its intended goal of improving retirement security, the Pension Protection Act of 2006 led to fewer defined benefit pension plans and inadequate coverage from defined contribution accounts,...

November 28, 2016 | 03:34 pm
Another federal court rules against delaying fiduciary rule

Another federal court rules against delaying fiduciary rule

A second U.S. District Court refused on Monday to grant a temporary injunction against the Department of Labor’s new fiduciary rule, which becomes effective April 10.

November 28, 2016 | 04:06 pm
Disassembly of Dodd-Frank won't be easy

Disassembly of Dodd-Frank won't be easy

President-elect Donald J. Trump's campaign pledge to dismantle the Dodd-Frank Wall Street Reform and Consumer Protection Act might have struck a chord among voters, but the politics of repealing or...

November 28, 2016
Hensarling bill possible successor to Dodd-Frank

Hensarling bill possible successor to Dodd-Frank

The likeliest vehicle for starting the reform conversation is the proposed Financial Choice Act bill introduced in June by House Financial Services Committee Chairman Jeb Hensarling, R-Texas.

November 28, 2016 | 12:01 am
Dodd-Frank in need of review

Dodd-Frank in need of review

Some in the institutional investment community might have a meltdown over prospects of the Trump administration dismantling the Dodd-Frank Wall Street Reform and Consumer Protection Act, but they...

November 28, 2016
Outdated 401(k) rules are shortchanging Americans, GAO report says

Outdated 401(k) rules are shortchanging Americans, GAO report says

Many company 401(k) retirement savings plans could use a swift kick into the 21st century, according to a new report from the U.S. Government Accountability Office.

November 23, 2016 | 09:29 am

SEC director of trading and markets division to depart by end of the year

Stephen Luparello, director of the SEC's division of trading and markets, will leave the agency by Dec. 31.

November 22, 2016 | 11:13 am
CFTC assesses $1.29 billion in fines in fiscal year

CFTC assesses $1.29 billion in fines in fiscal year

The Commodity Futures Trading Commission received $1.29 billion in penalties from 68 enforcement actions made in the 12 months ended June 30, the agency's fiscal year, the CFTC announced Monday.

November 22, 2016 | 01:06 pm