Economic Data to Resume as Government Shutdown Nears End
Once the U.S. government reopens, much-anticipated jobs reports and inflation updates will provide crucial insights.
Regulation
Investors, Pension Funds Blast SEC’s Green Light for Forced Arbitration
More than 60 institutional investors managing a combined $8 trillion wrote a letter strongly opposing the Securities and Exchange Commission’s position.
PBGC Unveils 2026 Premiums With Modest Adjustments
The rates that pension plans must pay the Pension Benefit Guaranty Corporation will increase slightly next year.
Endowment Tax Increase Will Have ‘Significant Impact’ on Yale Finances
The tax, which will balloon to 8%, will be an ‘ongoing expense of approximately $300 million per year,’ according to the university’s provost.
SEC Changes Draw Mixed Reactions
While companies have gained flexibility, Oregon’s treasurer is worried about consequences and termed the Securities and Exchange Commission’s decisionmaking process ‘atrocious.’
ICI Details Operational Road Map as SEC Moves Toward Approving Dual-Share-Class Structure
The commission indicated last week it is likely to permit the model, and asset managers are already requesting permission.
What History Tells Us About Government Shutdowns
Stocks and bonds remain relatively unscathed so far, and private sector employment data show the economy was already exhibiting signs of weakness.
SEC Permits Dimensional to Offer Dual Mutual Fund–ETF Products
The order would allow for a hybrid fund that combines two popular investment vehicles.
Colgate-Palmolive Longstanding Pension Calculation Case Settles for $332M
The agreement, which covers 1,177 employees, followed nine years of litigation.
New SEC Task Force Focuses on AI Applications
Valerie Szczepanik, the SEC’s chief artificial intelligence officer, is leading the effort to facilitate AI integration across the agency.
Australia’s Central Bank Names Private Partners to Test Tokenized Asset Uses
The selected firms include Northern Trust, Australia and New Zealand Banking Corp., and Westpac Banking Corp., along with smaller fintech providers.
Tokenization Gets a Boost, but Questions Remain
Regulators are making it easier to tokenize assets, but market structure will have to evolve to support widespread adoption.
CT Governor Signs Bill Banning Digital Assets in State Holdings
H.B. 7082, signed Monday by Ned Lamont, will bar investments in cryptocurrencies and related investments.
GOP Senators Scale Back Endowment Tax Further
Recent amendments sheltered colleges with fewer than 3,000 tuition-paying students from facing a levy and removed the exclusion of international students from the calculation.
Senate Includes Litigation Funding Levy in Tax Bill
The proposal would create a 41% levy on litigation finance profits, likely reducing the attractiveness of the investment vehicle.