Investment advisers, institutional investment managers and certain other entities will soon be required to submit certain documents electronically under new rules finalized by the SEC on June 23.... Read More
Advertisement
Regulatory Compliance
BY Ted Godbout | 6/20/2022
The Securities and Exchange Commission is requesting feedback on whether the activities of certain “information providers” constitute acting as “investment advisers” under the Investment... Read More
BY Ted Godbout | 6/17/2022
We’re still a few months away from knowing the official amounts, but with inflation at a 40-year high, early projections suggest that the 2023 qualified retirement plan limits could see a record... Read More
BY Ted Godbout | 6/16/2022
Stepping up its enforcement of Regulation Best Interest (Reg BI), the Securities and Exchange Commission announced June 16 that it charged a registered broker-dealer and five of its representatives... Read More
BY Ted Godbout | 6/13/2022
Charles Schwab has agreed to settle claims brought by the SEC that three of its investment adviser subsidiaries failed to disclose and misled clients about alleged hidden fees with respect to its... Read More
BY John Iekel | 5/27/2022
The American Retirement Association (ARA) in a May 25 comment letter has made recommendations to the IRS concerning the proposed required minimum distributions (RMD) regulations issued... Read More
BY Ted Godbout | 5/27/2022
The American Retirement Association is urging the IRS to make several modifications to the proposed regulations addressing the exception to the unified pln rule for multiple employer plans (MEPs).... Read More
BY Ted Godbout | 5/26/2022
Saying that it is seeking “consistent, comparable and reliable information,” the SEC is taking aim at the way investment advisers and registered investment companies describe and disclose their ESG... Read More
BY NAPA Net Staff | 5/24/2022
The Securities and Exchange Commission has charged an investment advisor for “misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment... Read More
BY Retirement Learning Center | 5/18/2022
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and... Read More
BY NAPA Net Staff | 5/17/2022
Citing the current lack of a “compelling policy objective that comports with the Department’s mandate,” the American Retirement Association has commented that the Labor Department shouldn’t call out... Read More
BY Ted Godbout | 5/17/2022
In the wake of the SEC announcing a $6 billion securities fraud deal against Allianz Global Investors U.S. LLC (AGI U.S.), the firm off-loaded most of its U.S. investment management business as part... Read More
BY John Iekel | 5/16/2022
The IRS on May 13 announced that it is extending to the end of 2022 the temporary relief from the requirement that certain participant elections be witnessed in the physical presence of a plan... Read More
BY Ted Godbout | 5/6/2022
With the full compliance date for the SEC’s new marketing rule fast approaching, firms need to be working towards updating their policies and procedures, advises a new white paper from The Wagner Law... Read More
BY Ted Godbout | 5/4/2022
Final regulations implementing changes under the SECURE Act updating the Form 5500 filing requirements and instructions for a group of plans (GoP) may be released in the coming weeks.
The... Read More
BY John Iekel | 4/29/2022
The IRS has announced the health savings account limits for 2023. The announcement came in Revenue Procedure 2022-24, dated April 29.
HSA Limits
For calendar year 2023, the annual... Read More
BY Michael P. Barry | 4/27/2022
The Biden Department of Labor (DOL) has published a series of pronouncements—revised regulations on ESG, a “Supplemental Statement” on private equity, a Compliance Assistance Release on “... Read More
BY Nevin E. Adams, JD | 4/15/2022
Spurred by the recent cryptocurrency “compliance assistance release,” nearly a dozen industry trade groups—including the U.S. Chamber of Commerce—have expressed concern about “a trend at EBSA away... Read More
BY Nevin E. Adams, JD | 3/29/2022
Years back I remember being part of a Q&A with a group of plan sponsors—the focus was the challenge of not only getting, but keeping their plans in compliance, while also looking for creative... Read More
BY Ted Godbout | 3/25/2022
Proposed guidance addressing the so-called “one-bad-apple” rule under the SECURE’s Act multiple employer plan (MEP) provisions was released March 25.
The proposed regulations address changes... Read More
BY NAPA Net Staff | 2/24/2022
A small paragraph in a long government filing has drawn some media attention.
Under “Legal Actions”—a single paragraph on page 153 in a 202-page 10-K filing—it was noted that, “Federal government... Read More
BY John Iekel | 2/23/2022
The IRS on Feb. 23 issued a proposed rule addressing the required minimum distribution (RMD) requirements for plans qualified under Code Section 401(a) that will update applicable... Read More
BY Ted Godbout | 2/16/2022
The Securities and Exchange Commission has settled with six investment advisers and six broker-dealers over charges that they failed to file and deliver their client or Form CRS customer relationship... Read More
BY Ted Godbout | 2/11/2022
Some firms apparently are not meeting their basic responsibilities to comply with Reg BI and Form CRS, the industry self-regulatory organization has found.
In its 2022 Report on Examination and... Read More
BY Ted Godbout | 2/9/2022
The Securities and Exchange Commission proposed new rules on Feb. 9 that seek to address concerns about the cybersecurity preparedness of registered investment advisers and funds, and to reduce... Read More
Recent Comments