The size of the agency's examination staff hasn't increased meaningfully in recent years and it can't keep up with the growth in advisers, an official said.
The new director of the SEC Division of Investment Management, William Birdthistle, makes his public debut at the Investment Adviser Association conference.
Among the provisions of a draft bill are one that would improve fee disclosures in defined-contribution plans and another that would allow annuities as qualified investment default alternatives in plans.
Industry opponents fear a reprise of the Obama administration measure. Advocates say expanded protections are needed for retirement savers.
Experts say an SEC proposal would significantly raise regulatory costs but the robust PE sector should maintain its transactional pace.
The lawyer representing Darryl Cohen says Cohen's clients didn't lose money. The lawyer for the athletes says the cases center on the diversion of funds, not overall profitability.
The measure clarifies how the prohibition on 'stretch' IRAs should be applied and provides details on implementing the rise in the RMD age to 72.
The Financial Planning Association says its members increased the hours they spent providing services to at-risk populations by 18% last year.
The probe will be conducted by law firm Lowenstein Sandler and headed by Christopher Gerold, former chief of the New Jersey Bureau of Securities and former president of the NASAA.
Donations of noncash assets are also increasing, with Fidelity reporting that donors gave $331 million in digital assets last year, up from $28 million in 2020.
