The bipartisan bill aims to help the 52% of employees in the state who don't have access to a retirement plan at work.
SEC bars Emil Botvinnik, a former registered rep with Windsor Street Capital, as part of final judgment that includes $1.14 million disgorgement.
Bipartisan legislation proposed by Sens. Cardin and Portman aims to help boost savings.
A class-action lawsuit alleges that the company breached its fiduciary duties in connection with a change in the investment menu. Most of the assets in the $1.4 billion plan went into Russell Investment target-date funds, according to the complaint.
The executive order mandates an assessment of how to reduce climate risks to financial stability; the assessment would also detail plans financial regulators have for bolstering disclosures.
The agency says the New York institutional firm mismarked hedge fund orders.
The legislation introduced Thursday would amend the Employee Retirement Income Security Act to specifically allow plans to consider ESG factors 'when they are expected to have an impact on investment outcomes, provided plans consider them in a prudent manner consistent with their fiduciary obligations.'
The announcement pared Bitcoin's rebound from Wednesday's rout, shaving about $3,000 from the token's price.
Companies that have waded into the PEPs business as pooled plan providers see tax-exempt organizations as very attractive, having even more potential than groups eligible to operate 401(k)s.
The filing will give potential investors their first comprehensive look at Robinhood's financials and the risks associated with the stock.
The U.S. is seeing a supercharged federal budget combine with a lax monetary policy posture, just as in the 1960s, when the combination led to the start of a years-long climb in inflation.
Professionals in any trade “have a sacred obligation to the client and society as a whole,” Blaine Aikin, founder of Fiduciary Insights, said in the keynote presentation at the InvestmentNews RIA Summit.
Lawyers group says regulators and the customers who had complaints should be able to present evidence in expungement requests.
The agency says it's revising Publication 590-B, which caused the confusion about the 10-year rule on required minimum distributions under the SECURE Act.
The key issue, as Gensler put it, is how the SEC continues to ensure that markets work for everyday investors when new technologies change the face of finance.
The wirehouse disputes the damages and asserts the case is not indicative of how other arbitration panels may rule on the investment products.
The development likely gives the plaintiffs more leverage for a settlement, as the class-action case has moved one step closer to a trial.
The overturned Trump regulation would have provided certainty to independent brokers and advisers, FSI said. But an advocacy group says DOL has the authority to go in a different direction.
The responses of other federal agencies concerned about developments in securities markets may conflict with the SEC's core missions.
Knight Nguyen Investments and its owner claimed to be experts in alternative investments.
