Investor Groups Petition SEC to Cut 13F Reporting Timeline to 5 Days
Information is out of date under the current 45-day timeline, per the NYSE and two investment professional groups.
Regulation
SEC Postpones Mutual Fund Swing Pricing and Hard Close Proposals
The regulator's decision offers relief to mutual fund managers, despite some added reporting requirements.
Corporate Raider Icahn Fined $2M for Disclosure Failure
The investor agreed to fines for not reporting he had borrowed against his stake in an investment firm he controls.
SEC’s Best Takes Leave Again to ‘Focus on His Health’
Keith Cassidy will serve as interim acting director of the regulator’s examinations division, as Best takes second medical leave in a year.
SEC Looks to Finalize Remaining Market Structure Rules by October
The proposal aims to improve stock order competition but has received mixed feedback from the public.
PBGC Insurance Funds Well-Funded for Years to Come
The Pension Benefit Guaranty Corporation’s projection shows both pension insurance funds are in great shape financially.
PBGC FAQ Speaks to Bond Qualifications for SFA Investing
SFA recipients must invest at least two-thirds of their grant in investment-grade fixed income assets.
PBGC Issues $1.5B to Struggling Musicians’ Pension
The grant is among the largest the PBGC has made.
Benefits Lawyer Nominated to Lead PBGC
President Biden has put forward Deva Kyle to be the next director of the Pension Benefit Guaranty Corporation.
Kansas Construction Pension Fund Receives $43.1M PBGC Grant
The funding will keep the plan solvent through 2051.
How the Supreme Court’s Chevron Reversal Impacts Institutional Investing
Courts are no longer required to defer to interpretations of law offered by executive agencies that regulate defined benefit and contribution savings.
Industry Feedback on the IB 95-1 Report
The report does hint at where future DOL priorities might be on PRTs.
Supreme Court Rules SEC In-House Judge Process Is Unconstitutional
Decision upholds defendants’ rights to a jury trial when civil penalties are imposed.
Bob McCormick to be Council of Institutional Investors’ New Leader
McCormick will be replacing outgoing director, Amy Borrus.