Category: News
DOL ERISA Proposals Single Out ESG Investments for Extra Scrutiny
The DOL has proposed amendments to its ERISA investment duties regulation regarding ESG investments. The proposal, according to the related press release, “is designed, in part, to make clear that...
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 Regulation Best Interest (Reg BI), which adopts a new standard of conduct for broker-dealers when...
June 29, 2020
New, 11th Hour Form CRS FAQs Published by SEC
With the June 30 compliance date less than two business days away, the SEC staff on June 26 published new and modified Frequently Asked Questions addressing various issues – including...
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...
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. The CARES Act provided relief from the 10 percent penalty and 20 percent...
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. This order supersedes the SEC’s prior order...
June 22, 2020
Tags: Coronavirus, COVID-19
Clayton Urges Increased Care for Retail Investors in Wake of Pandemic
Jay Clayton Saying the effects of the COVID-19 pandemic “weigh substantially in favor of implementing Reg BI and Form CRS requirements as soon as practicable,” SEC Chairman Jay Clayton...
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 (AMC). In addition, the paper observes that...
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 and were formally...
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...
June 05, 2020
Tags: Congress, Coronavirus, COVID-19, Inside the Beltway, PPP
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