Brian Croce Reporter (Washington) [email protected] 202-996-0277 Brian Croce covers legal and regulatory issues relating to defined contribution plans and other topics from P&I's Washington office. See All Staff Page Recent Stories Industry sounds off against DOL proposal on ESG The retirement community has roundly criticized a Labor Department proposal that would curb ESG investing in ERISA plans. CAT begins without a hitch, but security worries persist The first couple compliance dates for the SEC's consolidated audit trail have gone smoothly, though cybersecurity concerns loom. Senate Banking Committee approves 2 SEC nominees The Senate Banking Committee approved the nominations of Hester M. Peirce and Caroline Crenshaw to the SEC. Governance key to boosting investment committee outcomes – report A rise in complex challenges is pushing investment committees to focus on governance to improve the odds of achieving desired outcomes. Securities fraud case filings slip in first half of 2020 – report The number of securities fraud case filings in the first half of 2020 fell to its lowest level since 2016, a report shows. VALIC Financial Advisors agrees to $40 million SEC settlement VALIC Financial Advisors agreed to pay $40 million to settle charges filed by the SEC alleging it failed to disclose conflicts of interest. Investor groups not happy with proxy advisory revamp SEC changes to the way proxy advisory firms do business garnered mixed reviews from stakeholders. Senators introduce bill to allow catch-up retirement contributions Some Republican senators introduced a bill that would permit individuals to make catch-up retirement contributions in 2021 and 2022. Michigan pension funds say Bayer misled public in Monsanto buyout Two Michigan pension funds sued Bayer, saying the company concealed information and misled investors during its acquisition of Monsanto. SEC overhauls proxy advice rules in 3-1 vote SEC commissioners in a 3-1 vote approved sweeping changes to rules governing proxy advisory firms. Senate Banking Committee approves 2 Fed board nominees The Senate Banking Committee approved the nominations of Judy Shelton and Christopher J. Waller to the Federal Reserve board of governors. 10 years in, Dodd-Frank takes on new meaning The 10th anniversary of the signing of Dodd-Frank into law brings questions about the nation's structural inequalities caused by COVID-19. SEC commissioner nominees face Senate questions Hester Peirce and Caroline Crenshaw fielded questions from senators on Reg BI, private equity fund disclosures and digital currencies. Senate Democrats call on DOL to scrap ESG proposal Thirteen Senate Democrats want the Labor Department to withdraw its proposed rule governing ESG investments. University of Michigan allocates $170 million Load More
Brian Croce Reporter (Washington) [email protected] 202-996-0277 Brian Croce covers legal and regulatory issues relating to defined contribution plans and other topics from P&I's Washington office. See All Staff Page
