The SEC Wants to Lower Futures Minimum Margin Requirements
Proposition could have a substantial impact on the futures market.
Regulation
Brazil’s Lower House Delays Pension Reform Vote, Irking Investors
The Chamber of Deputies will take until August to vote, and the Senate will need at least two months after that.
TPR Issues Guidance for UK Defined Contribution Plans
New laws that incorporate ESG requirements take effect in October.
UK, Dutch Authorities Bust €24 Million Cryptocurrency Theft
Six suspects allegedly used ‘typosquatting’ to target over 4,000 victims in 12 countries.
Kentucky Tries to Head Off Looming Pension Crisis
Gov. Matt Bevin asks special session of legislature this time to revamp quasi-government agencies’ retirement plans.
Supreme Court Declines to Hear Two Pension Fund Cases
Lower court rulings involving an automotive, mineworkers’ pensions maintained.
IRS Issues Endowment Tax Regulations
Higher education foundations finally get guidance on 2017 excise tax.
TPR: Badly Run Plans Must Improve or Consolidate
UK regulator says fewer, but better governed plans will benefit pension savers.
Chicago Governor Says No to Statewide Pension Crisis Fix
J.B. Pritzker claims a statewide pension consolidation would hurt the state’s credit rating.
UK Court of Appeal Upholds TPR Powers in ITV Case
Court says TPR had right to force ITV to fund Box Clever pension fund.
Lawmakers Introduce Bill to Boost Diversity at Asset Management Firms
Minority- and women-owned firms manage only 1.1% of $71.4 trillion in assets.
Brazil Pension Reform Could Hit Lower House by Tuesday
President Bolsonaro looking to get overhaul en route to Senate before Congress’ mid-year recess.
Despite $89 Million Fine, State Street Nets Cool $81 Million from Alleged Overcharges
SEC’s disgorgement abilities increasingly hampered by 2017 Supreme Court Ruling.
Gucci’s Got Expensive Handbags and Expensive Fund Managers, Plaintiffs in Court Settlement Allege
$1.2 million settlement served in allegations Gucci didn’t opt for cheaper investment options when available.
Rhode Island General Assembly Passes Religious Pension Bill
Legislation would require church plans to follow ERISA standards.