Oregon Gov. Releases Plan to Stabilize Public Pension System
State’s retirement systems ‘ill-prepared’ for economic downturn.
Regulation
SEC, FCA Sign Brexit Cooperation Arrangements
Regulators agree to continue cooperation uninterrupted after the UK leaves the EU.
Poland Proposes to Overhaul Private Pensions
Move, aimed at helping the budget deficit, will remove assets from non-government funds.
New Illinois Bill Would Consolidate more than 650 Police and Fire Pensions
Debates ensue over projected returns, transition costs, and throwing the fund’s impeccable funded ratio off-balance.
Senators Grill the Feds After Allowing Retirees to Receive Lump-Sum Benefits
Retirees sometimes left devoid of important information in buyout decision–making process, lawmakers argue.
Yale Alum Charged with Running Hedge Fund Scam While Student
Omar Zaki agrees to $25,000 SEC fine, three-year ban from investment industry.
SEC Releases Framework for Digital Assets
Guidance intended to help investors determine when a digital asset is a security.
House Committee Passes Bill to Overhaul Retirement Plans
Legislation would increase 401(k) contributions, plan portability.
Kentucky Bill Would Allow Institutions to Leave Troubled Retirement System
Opponents call bill ‘idiotic and irresponsible.’
Supreme Court Widens Scope for Fraud Claims
Supports SEC in allowing agency to hold individuals liable even if they did not make a statement deemed fraudulent.
FCA Fines Goldman Sachs £34.3 Million for Reporting Failures
Firm allegedly made more than 220 million errors over nearly a decade.
Africa’s Biggest Fund Suspends Acting CEO
Matshepo More’s predicament the latest drama for the organization.
Brown University President Rejects Israel Divestment
Christina Paxson says endowment is ‘not a political instrument.’
Georgia County Manager Charged with Pension Fraud
Romantic interest allegedly led manager to mislead pensions.