New, 11th Hour Form CRS FAQs Published by SEC
The SEC staff on June 26 published new and modified FAQs addressing various issues relating to the scope, formatting, and delivery requirements of Form CRS.
June 26, 2020
Tags: Form CRS
Supreme Court Rules Both For – and Against – SEC on Disgorgement Question
In an important case for the SEC’s enforcement powers, the Supreme Court has affirmed the SEC’s ability to impose a disgorgement award as an equitable remedy – but at the same time has limited that equitable award to the amount of the wrongdoer’s net profits.
June 22, 2020
Tags: Disgorgement, SEC Enforcement, Supreme Court
The IRS has published guidance regarding CARES Act provisions on Coronavirus-related distributions and loans from retirement plans.
June 22, 2020
Tags: CARES Act, Coronavirus, COVID-19, IRAs, IRS, Retirement Plans
SEC Extends Relief for In-Person Board Meetings
The SEC has issued an order that extends the time for relief from the in-person fund board meeting requirement until no earlier than December 31, 2020.
June 22, 2020
Tags: Coronavirus, COVID-19
Clayton Urges Increased Care for Retail Investors in Wake of Pandemic
SEC Chairman Jay Clayton confirmed in a recent public statement that the June 30, 2020 compliance date for Form CRS and Regulation Best Interest (Reg BI) remains in effect.
June 18, 2020
Tags: CARES Act, Coronavirus, COVID-19, Form CRS, IRAs, Jay Clayton, Reg BI, Retirement Plans
Sustainable investing inherently involves active decision making, concludes a new white paper, Sustainable Investing is an Active Process, from the Investment Adviser Association’s Active Managers Council.
June 18, 2020
New Governors Elected to IAA Board, New Board Officers Set
Catherine C. Halberstadt of Osterweis Capital Management and R. Kelly Williams, Jr. of Atlanta Capital Management Company, LLC have been elected to the IAA Board of Governors.
June 12, 2020
Tags: Gail Bernstein, IAA Board, Karen Barr
Trump Signs Legislation to Relax PPP Restrictions After Congress Passes Measure Overwhelmingly
Several restrictions on companies that borrow money through the Paycheck Protection Program have been relaxed under legislation approved unanimously in a Senate voice vote and by a 417-1 vote in the House.
June 05, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
House Votes Nearly Unanimously to Relax PPP Restrictions
Several restrictions on companies that borrow money through the Paycheck Protection Program would be relaxed under a bill approved by the House on May 28 by a 417-1 vote.
May 29, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
DOL Adopts E-Delivery Rule Supported by IAA
In a highly-anticipated and welcome move, the Department of Labor has adopted a rule permitting electronic delivery of certain retirement plan information.
May 27, 2020
Tags: DOL, Electronic Delivery, Retirement Plans