You Can’t Judge a Pension by Its Funded Level
A new report debunks the ‘myth’ that an 80% funded level means a plan is in good health.
Regulation
Lure of Record Whistleblower Awards Leads to Frivolous Claims
The SEC bars two from its whistleblower program for filing hundreds of ‘abusive’ award applications.
SEC Wants Funds to Reveal More Proxy Voting Information
The regulator proposes disclosure rule changes regarding ‘say-on-pay’ votes and securities lending.
Lawmakers Propose Portable Retirement Accounts Bill
The PRIA Act is intended to help Americans avoid losing retirement funds when changing jobs.
SEC Reportedly Subpoenas PSERS Over Alleged Compensation, Gifts
The regulator is also seeking information on a financial misstatement from 2020 that triggered a contribution increase.
Powell or Brainard? The Next Fed Chair Makes Little Difference, Wells Fargo Says
Some see big contrasts between the Republican incumbent and his reputed rival.
Twitter to Pay $809.5 Million to Settle Securities Fraud Lawsuit
The social media company was accused of concealing from investors its stagnant user growth and declining user engagement.
Gensler Stands Up for the Robinhood Gang
It’s OK for meme investors to collaborate on social media, the SEC boss says. Too bad for short sellers.
Union Threatens Strike Over Cuts at UK’s Largest Pension
The University and College Union says industrial action is now ‘inevitable.’
SEC Settles With Eight Firms Over Inadequate Cybersecurity Measures
The regulator alleges a lack of safeguards exposed the personal information of thousands of clients.
SEC Charges Could Open Pearson to Securities Lawsuits
With the cease-and-desist order, attorneys might take aim at the publisher over alleged misleading statements.
Senators Reintroduce Bills to Bolster Retirement Savings
The four bipartisan bills are sponsored by Sens. Cory Booker and Todd Young.
Allocator Insights Webinar August 17: Consultant’s View
Taylor Mammen, Heidi Poon, and David Tatkow will discuss the best opportunities for investors at 2 p.m.
Bill Seeks to Close Private Equity Compensation ‘Loophole’
The legislation aims to increase the rate at which PE and hedge fund managers are taxed.
Texas ERS Hacker Gets 8 Years in Prison
Olumide Morakinyo created unauthorized accounts for participants who hadn’t set them up.