Washington

SEC to issue final rule on investment advice package by September 2019

Regulation

Regulation

The SEC plans to issue a final rule by September 2019 on its standards of conduct package covering investment advisory professionals.
DOL to soon propose rules for open multiple employer plans, will revisit fiduciary rule in 2019

Regulation

Regulation

The DOL will soon propose rules expanding the use of open multiple employer plans, according to its latest fall regulatory agenda.
Fed plans to continue gradually boosting rates

Economy

Economy

Members of the Federal Open Market Committee plan to continue gradually raising interest rates, according to minutes released Wednesday.
SEC sends Nasdaq, NYSE fees back for more justification

Regulation

Regulation

Some market data fee increases by Nasdaq and the New York Stock Exchange were not justified, the SEC said.
CFTC chief warns EU against regulatory overreach

Trading

Trading

The CFTC's chairman warned EU regulators the agency "will not allow ... market participants to become subject to conflicting ... regulation."
SEC Commissioner Kara Stein calls for presidential working group on retirement security

Washington

Washington

SEC Commissioner Kara Stein wants President Donald Trump to issue an executive order to create a working group on retirement security.
Public companies must update controls against cyberfraud, SEC report says

Regulation

Regulation

Public companies not doing enough to prevent cyber-related fraud activity also are at risk of being investigated by the SEC.
Managers to benefit no matter who wins midterms – Moody's

Money Management

Money Management

Money management firms generally will benefit whatever the outcome of the Nov. 6 midterm elections, a Moody's report finds.
PBGC ready to cover Sears DB benefits if needed

REGULATION

REGULATION

The PBGC would cover "the vast majority" of benefits earned by participants in defined benefit plans sponsored by bankrupt Sears.
SEC must say no to ESG regulation

EDITORIAL

EDITORIAL

The SEC should require analysis showing how ESG regulation would improve long-term corporate earnings and stock prices.
Demand grows for SEC rule on ESG disclosure

ESG

ESG

Investors want the SEC to standardize ESG reporting to allow for uniform comparisons of long-term risk, but firms resist more reporting.
Pension risk assessment standards on deck

PENSION FUNDS

PENSION FUNDS

Pension plan sponsors are keeping an eye on Nov. 1, when new actuarial standards on pension obligation risk assessment begin.
Trump administration staying away from courts on retirement plan issues

WASHINGTON

WASHINGTON

The Trump administration's approach to ERISA fiduciary litigation court contrasts with that of the Obama administration.
Proxy voting, variable annuities coming next

REGULATION

REGULATION

In addition to a best-interest standard, the SEC is exploring other difficult issues in the world of financial services.
SEC weighing complex investment advice package

REGULATION

REGULATION

SEC Chairman Jay Clayton seems motivated to pass a standards of conduct rule-making package.