Dhillon Nominated to Lead PBGC
The former Equal Employment Opportunity Commission chair under President Donald Trump is now expected to lead the Pension Benefit Guaranty Corporation.
Regulation
Connecticut Democrats Try Private Endowment Tax Again
This time around, they may have help from congressional Republicans.
SEC Announces Unit to Protect Investors From Crypto, AI Scams
The Cyber and Emerging Technologies Unit will be led by Laura D’Allaird, who was co-chief of the predecessor Crypto Assets and Cyber Unit.
Oregon Bill Would Ban State Pension Investments in Private Markets Funds Invested in Fossil Fuels
Senate Bill 681 would prohibit the state treasurer from renewing or making investments in private equity or other alternative funds which state an intention to invest in fossil fuels.
BMO Pays $41M to Settle SEC Charges of Failing to Supervise ‘Sliver Bond’ Sales
According to the regulator, firm employees used misleading metrics to sell mortgage-backed bonds.
Most PBGC Premium Payment Deadlines Accelerated
Premiums for plan years beginning in 2025 will generally be due one month earlier than provided in the PBGC’s payment of premiums regulation.
CFA Establishes GIPS Guidance for OCIO Providers
Effective December 2025, the framework – which has been in development for several years – will be mandatory for firms that claim compliance with GIPS standards.
PBGC Updates Rate Tables on Expected Retirement Age, Missing Participants Mortality Assumption
Effective date for the final rule is January 1, 2025.
Indiana Fund Narrows Finalists to Replace BlackRock
Under state law, the pension fund is required to replace service providers if they are determined to have made ESG commitments.
How to Comply with the New Federal Outbound Investment Regulations
H.K. Park, of Crumpton Global, and Laura Black, of Akin Gump, review the details of the new Treasury regulation, which takes effect January 2, restricting U.S. investors' investing in certain Chinese companies.
Cantor Fitzgerald Settles SEC Charges Over Misleading SPAC Disclosures
The firm will pay a $6.8 million fine for allegedly making false statements in regulatory filings.
Sweden’s AP7 Blacklists 2 Oil Producers
The pension fund added MEG Energy from Canada and EOG Resources from the U.S. to its banned ledger of 110 companies.
SEC Files Fewer Total Enforcement Actions, but Total Remedies Still Hit Record
More than half of the regulator's $8.2 billion in remedies for fiscal 2024 came from a securities fraud case against Terraform Labs.
Invesco Pays $17.5M Fine to Settle SEC Greenwashing Charges
However, the future of ESG regulation in the U.S. is unclear under a second Trump administration.
Alberta Government Fires AIMCo Board, CEO
Concerns over costs led the provincial leadership to clean house and appoint Ray Gilmour as interim CEO.