DOL Warns Retirement Plans to Be Cautious About PE Investments
The Department of Labor is concerned fiduciaries will misinterpret its earlier June 2020 letter.
Regulation
Why the Market Now Likes Rate Hikes: They Don’t Hurt Stocks
History shows anything short of Volcker-style shock tactics is a plus for equity prices, CFRA says.
UK Government Considering Relaxing Fee Cap on AUM
If the change goes through, plans will have more freedom to invest in lucrative private equity and venture capital.
Crypto Promoter Charged With Scamming Investors Out of Millions
The SEC alleges Ryan Ginster promised ‘astronomical’ returns of 8% per day.
SEC Whistleblower Program Has Record Year in Fiscal 2021
The regulator gave $564 million to 108 tipsters, while distributing $521 million to harmed investors.
SEC Adopts New Contested Election Rules
The amendments will provide proxy voters the same options as shareholders voting in person.
Digital Token Registrations Shut Down by SEC
American CryptoFed allegedly filed misleading forms while trying to register Ducat and Locke as securities.
How Is Europe’s Sustainable Finance Disclosure Regulation Working Out?
The rules require firms with 500 or more employees to disclose multiple ESG metrics.
SEC’s SPAC Scrutiny Leads to $38.8 Million Music Service Settlement
The regulator says it is ‘intently focused on SPAC merger transactions.’
Credit Suisse to Pay Nearly $500 Million to Settle Mozambican Bond Charges
The investment bank was charged with financial crimes involving kickbacks and bribes to government officials.
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.
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.