Anti-ESG Politics Affects Names More Than Strategies
While campaigns may have succeeded in shifting ESG naming conventions, their impact on actual investing strategies has been far more muted.
Regulation
SEC Proposal to Ban Volume Discounts for Exchange Orders Receives Mixed Feedback
Larger exchanges came out in opposition, while smaller exchanges and consumer advocates supported the change.
Julie Su Re-Nominated as Head of DOL
Nominees who have not yet been confirmed must be resubmitted at the beginning of any calendar year.
PBGC Requests Nominations for Open Advisory Council Position
The deadline for nominations is February 16.
Updated Form 5500 and Instructions Released
Defined benefit plans will see important changes to Schedule R and Schedule MEP.
SECURE 2.0 Cash Balance Reforms Codified by IRS
The changes should make it easier for defined benefit plans to pass IRS backloading tests.
SEC Stock Buyback Disclosure Rule Vacated by Appeals Court
The rule would have required much more information on buybacks to be disclosed to investors.
SEC Accredited Investor Report Emphasizes Lack of Sophistication, Retirement Assets
The study of the accredited investor definition highlighted the lack of emphasis on sophistication and the growing number of qualified households.
SEC Finalizes Treasury Clearing Rule
The rule requires most secondary transactions to be centrally cleared by June 2026.
How Pensions Work for Members of Congress, Expelled or Otherwise
Generally, members must complete at least five years of service to qualify, which George Santos did not.
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
FINRA Proposes Allowing Projected Performance in Marketing to Institutional Investors
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
