Joe Biden will nominate former Fed chair Janet Yellen to serve as Secretary of the Treasury, the presumptive president revealed Nov. 30.
If Yellen is confirmed by the Senate, she... Read More
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Regulatory Agencies
BY Ted Godbout | 11/25/2020
To modernize and strengthen the agency’s operations, the Securities and Exchange Commission adopted a final rule on Nov. 17 permitting the use of electronic signatures in authentication documents.... Read More
BY Nevin E. Adams, JD | 11/25/2020
In a year chock-full of proposed rules and final regulations, the Labor Department has apparently wrapped up its work on a new fiduciary rule.
According to a posting on the Office of Management... Read More
BY Ted Godbout | 11/25/2020
The Securities and Exchange Commission has issued proposed rules that would permit—on a trial basis—public and private companies to offer equity compensation to their gig workers who provide services... Read More
BY NAPA Net Staff | 11/16/2020
Jay Clayton, Chairman of the Securities and Exchange Commission, has confirmed that he will conclude his tenure at the end of this year.
Chairman Clayton was sworn in on May 4, 2017, and... Read More
BY David Levine, JD | 11/5/2020
For three years, there was relative peace in the land of Department of Labor guidance. DOL investigations continued apace and memories of the 2015-2017 battles over the DOL fiduciary rule began to... Read More
BY Ted Godbout | 10/29/2020
Total monetary recoveries by the Labor Department’s Employee Benefits Security Administration’s enforcement and oversight activity in fiscal year 2020 apparently hit a record.
According to... Read More
BY Ted Godbout | 10/29/2020
The Department of Labor is working on a guidance package addressing cybersecurity issues as they relate to plan sponsors and third-party providers, a key official said Oct. 28.
Addressing... Read More
BY Ted Godbout | 10/27/2020
As the effective date for Pooled Employer Plans (PEPs) nears, the Department of Labor is not wasting any time in trying to finalize the corresponding Pooled Plan Provider (PPP) registration... Read More
BY John Iekel | 10/23/2020
President Trump on Oct. 22 issued a memorandum directing the heads of three departments to review pension plans the Pension Benefit Guaranty Corporation (PBGC) holds in trusteeship.... Read More
BY Brian Graff | 10/22/2020
In late June, the Labor Department issued a proposed rule innocuously titled “Financial Factors in Selecting Plan Investments.”
While the proposed rule itself was relatively short and largely... Read More
BY Ted Godbout | 10/16/2020
Release of the Department of Labor’s final rule addressing environmental, social and governance (ESG) factors in selecting plan investments appears to be imminent.
Following a 30-day comment... Read More
BY John Iekel | 10/2/2020
Effective Sept. 28, the Department of Labor (DOL) began following the Promoting Regulatory Openness through Good Guidance Rule, a measure that requires that it use guidance appropriately,... Read More
BY Ted Godbout | 9/18/2020
The Securities and Exchange Commission (SEC) cautions that it has observed an increase in cyber-attacks against registered investment advisers (RIAs) and broker dealers (BDs), which, in some cases,... Read More
BY Nevin E. Adams, JD | 9/18/2020
A month ago, the Labor Department unveiled an interim final rule on lifetime income disclosures on participant statements. Today the window for comments opens.
Under the Interim Final Rule,... Read More
BY Nevin E. Adams, JD | 8/24/2020
Late last Friday afternoon, the Employee Benefits Security Administration (EBSA) announced that it will hold a public hearing on its new fiduciary rule proposal.
Specifically, the notice, which is... Read More
BY Nevin E. Adams, JD | 8/18/2020
In the latest of a series of regulatory announcements, updates and proposals, the Labor Department has unveiled an Interim Final Rule on lifetime income disclosures under the SECURE Act.
Under the... Read More
BY NAPA Net Staff | 8/7/2020
Late Thursday August 6, the U.S. Senate approved (by voice vote) the nominations of Hester Peirce and Caroline Crenshaw to serve as commissioners on the Securities and Exchange Commission.
Peirce... Read More
BY Ted Godbout | 7/17/2020
About a month after the Department of Labor published a Request for Information (RFI) on prohibited transactions involving Pooled Employer Plans (PEPs), the DOL has now delivered a proposed rule on... Read More
BY Ted Godbout | 7/9/2020
Near the end of a term of every presidential administration, there’s always a push to finalize key regulatory proposals before a potential new president or Congress can overturn them. And this year... Read More
BY Ted Godbout | 6/30/2020
The Department of Labor’s proposed regulation clarifying investment duties of ERISA plan fiduciaries in relation to environmental, social and governance (ESG) investing is already drawing fire from... Read More
BY Nevin E. Adams, JD | 6/30/2020
The Labor Department has finally unveiled its much anticipated fiduciary rule, though it’s a mixed bag and has a certain “back to the future” feel, along with some new implications for recordkeepers... Read More
BY Ted Godbout | 6/26/2020
Appearing on Capitol Hill June 25 for the first time since the dust-up over his potential nomination to serve as the next U.S. Attorney for the Southern District of New York, SEC Chairman Jay Clayton... Read More
BY Nevin E. Adams, JD | 6/22/2020
Following a bizarre chain of announcements, counter-announcements and restatements, the sometimes controversial chairman of the Securities and Exchange Commission will be vying for a new position... Read More
BY Ted Godbout | 6/19/2020
President Trump announced June 18 that he has nominated Caroline A. Crenshaw to fill the open Democratic commissioner slot at the Securities and Exchange Commission.
If confirmed by the... Read More
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