Regulatory and legislative changes in the coming months will be spurred by President Trump’s Aug. 31 executive order and several retirement reform bills in Congress, in the view of the American... Read More
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Regulatory Agencies
BY Ted Godbout | 10/22/2018
The Department of Labor has released proposed rules that would expand access to multiple employer retirement plans for small employers and self-employed workers, while also maintaining fiduciary... Read More
BY Ted Godbout | 10/19/2018
The federal government’s updated unified regulatory agenda has shed light on the status of the Securities and Exchange Commission’s and Department of Labor’s efforts on investment advice and the now-... Read More
BY Nevin E. Adams, JD | 10/18/2018
The Office of Management and Budget has completed its review of the Labor Department’s proposal for expanding access to multiple employer retirement plans.It was less than a month ago that the Labor... Read More
BY Ted Godbout | 10/17/2018
In what is likely to be one of her last appearances as a Securities and Exchange Commission official, Commissioner Kara Stein argued that the agency must ensure that investment professionals are... Read More
BY Ted Godbout | 10/12/2018
The Securities and Exchange Commission has announced a new four-year strategic plan with a distinctive focus on Main Street – and an acknowledgement that the line between investment advice and... Read More
BY Ted Godbout | 10/5/2018
A program letter from the heads of the IRS’s Tax Exempt & Government Entities (TE/GE) division provides an update on the compliance, data, process and casework strategies the division plans to... Read More
BY NAPA Net Staff | 9/25/2018
Wasting no time, the Labor Department has delivered its proposed rule to expand access to multiple employer retirement plans to the Office of Management and Budget for review.It was less than a month... Read More
BY Ted Godbout | 9/21/2018
UPDATED SEPT. 21 AT 1:00 ET: Shortly after this post was published, the Senate Finance Committee scheduled a Sept. 27 hearing to consider the nomination of Gordon Hartogensis to be director of the... Read More
BY John Iekel | 9/17/2018
The IRS has granted a variety of forms of relief for victims of Hurricane Florence. The relief is for individuals as well as businesses, and includes requirements related to compensation.As of Sept.... Read More
BY NAPA Net Staff | 9/14/2018
A new report concludes that the Security and Exchange Commission’s proposed Customer Relationship Summary (CRS) needs more work.The news wasn’t all bad for the SEC. The sponsors of the report – the... Read More
BY Ted Godbout | 9/13/2018
The Department of Labor (DOL) recently announced the creation of a new Office of Compliance Initiatives (OCI) to promote greater understanding of federal labor laws and regulations, including those... Read More
BY Ted Godbout | 9/5/2018
Former Senate Banking Committee aide Elad Roisman has been confirmed by the Senate to serve a five-year term as a Republican member of the Securities and Exchange Commission, bringing the SEC back to... Read More
BY Nevin E. Adams, JD | 8/27/2018
The Chairman of the Securities and Exchange Commission (SEC) has just finished a series of “Main Street” roundtables – here’s what he learned.In a public statement on the investor roundtables... Read More
BY Ted Godbout | 8/27/2018
Among other things, tax reform made changes to the treatment of executive compensation – now the IRS has clarified some aspects – and taken a firmer position than some had hoped on so-called “... Read More
BY Ted Godbout | 8/10/2018
The Securities and Exchange Commission’s Aug. 7 deadline for comments on its proposed Regulation Best Interest, Form CRS and standard of conduct has now passed. Let’s take a look at some highlights.... Read More
BY Ted Godbout | 8/9/2018
The Treasury Department and the IRS have issued proposed regulations on the new Code Section 199A deduction for qualified business income – but it won’t be much help for advisors.The Aug. 8 guidance ... Read More
BY NAPA Net Staff | 8/7/2018
Trump administration officials are focusing on a former SEC enforcement attorney to replace Democratic Commissioner Kara Stein, who must step down by the end of the year, Bloomberg reported Aug. 6.... Read More
BY Ted Godbout | 7/24/2018
The Securities and Exchange Commission’s August 7 deadline for submitting comments on its proposed regulation best interest, Form CRS relationship summary and interpretation regarding standard of... Read More
BY Nevin E. Adams, JD | 7/13/2018
Comments from the American Retirement Association have led to changes in a DOL Enforcement letter.Last month, we reported that a regional office of the Employee Benefit Security Administration had... Read More
BY Ted Godbout | 7/12/2018
With an eye towards determining the extent of member involvement related to digital assets, the self-regulatory authority is requesting disclosures related to broker-dealer participation in the... Read More
BY Ted Godbout | 7/11/2018
In addition to being an administrative headache, the inability to locate terminated participants of qualified retirement plans can result in heightened legal risks, a recent blog post reminds readers... Read More
BY Ted Godbout | 6/14/2018
While June 13 was widely cited as the last day the Department of Labor could appeal to the U.S. Supreme Court the 5th Circuit’s ruling vacating the fiduciary rule, that day has now come - and gone.So... Read More
BY NAPA Net Staff | 6/8/2018
In the wake of an April 17 House subcommittee hearing, the Chairman and Ranking Member of the subcommittee want some answers from the IRS on changes that dramatically increased the cost to small... Read More
BY Nevin E. Adams, JD | 6/8/2018
A regional office of the Employee Benefit Security Administration has been threatening enforcement actions against plan sponsors who correct the late deposit of participant contributions or loan... Read More
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