OCIE Issues Risk Alert Relating to COVID-19 Compliance Risk
The SEC examination staff has issued a Risk Alert highlighting select COVID-19 compliance risks and considerations.
August 12, 2020
Tags: OCIE, Coronavirus, COVID-19, Risk Alert
IAA Urges DOL to Withdraw ESG Proposal
The IAA recently submitted a comment letter asking the DOL to withdraw its proposed amendments to its ERISA investment duties regulation regarding ESG investments.
August 11, 2020
Tags: Active Management, Active Managers Council , DOL, ERISA, ESG
IAA Comments on DOL’s Proposed Fiduciary Exemption
The IAA has submitted a comment letter to the Department of Labor on that agency’s proposed fiduciary exemption.
August 10, 2020
Tags: Compliance, Digital Advice, DOL, Fiduciary
IAA to DOL: Provide More Time for Considered Response to Sweeping ESG Proposal
The IAA joined several other trade associations on July 20 to ask the Department of Labor to extend the July 30 deadline for public comments on its proposal to limit consideration of ESG factors in retirement plan investments.
July 21, 2020
Business Continuity Planning related to COVID-19 is now the top concern of investment management compliance professionals – edging out Cybersecurity, which had headed their rankings of hot topics for six consecutive years.
July 17, 2020
Tags: BCP, Compliance, Compliance Testing Survey, Coronavirus, COVID-19, Cybersecurity
OCIE Warns of Increasingly Sophisticated Ransomware Attacks
The SEC’s examination staff has shared observations to assist investment advisers and others in enhancing their cybersecurity preparedness and operational resiliency against a recent spate of ransomware attacks.
July 13, 2020
Tags: OCIE, Cybersecurity, Risk Alert
SEC’s Roisman: More ESG Disclosures from Asset Managers, But Not Public Companies
In a recent speech to the Society for Corporate Governance, SEC Commissioner Elad Roisman argued that asset managers should be required to provide greater disclosure about ESG investments.
July 10, 2020
Tags: DOL, Elad Roisman, ESG
Two years after its fiduciary rule was vacated, the DOL has officially reinstated the five-part test to determine whether a person is an investment advice fiduciary.
July 01, 2020
DOL ERISA Proposals Single Out ESG Investments for Extra Scrutiny
The DOL has proposed amendments to its ERISA investment duties regulation regarding ESG investments.
July 01, 2020
Tags: Retirement Savings, DOL, ERISA, Retirement Plans
The Court of Appeals for the Second Circuit has denied petitions to overturn the SEC’s Reg BI, which adopts a new standard of conduct for broker-dealers when they make recommendations to retail customers.
June 29, 2020