The Securities and Exchange Commission approved a proposal on June 4 that it says will improve the method for delivering fund shareholder reports to investors in mutual funds, ETFs and other... Read More
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Regulatory Agencies
BY John Iekel | 6/6/2018
In a June 4, 2018, comment letter to the IRS, the American Retirement Association (ARA) recommended that the IRS expand its determination letter program to cover specific situations, which the ARA... Read More
BY Ted Godbout | 6/4/2018
President Trump has nominated Senate Banking Committee aide Elad Roisman to serve as a Republican member of the Securities and Exchange Commission.Roisman, who currently serves as Chief Counsel to... Read More
BY Ted Godbout | 5/30/2018
The Securities and Exchange Committee released a proposal on May 23 that seeks to reduce obstacles to providing research on investment funds by harmonizing the treatment of such research with... Read More
BY NAPA Net Staff | 5/22/2018
There’s a lot of buzz around health savings accounts (HSAs) – so much so, apparently, that the Securities and Exchange Commission has issued an investor bulletin on the subject.A May 18 Investor... Read More
BY NAPA Net Staff | 5/15/2018
President Trump has announced his intention to nominate a new head of the nation’s private pension plan insurer.The announcement said that President Trump plans to nominate Gordon Hartogensis to be... Read More
BY NAPA Net Staff | 5/8/2018
One of the most vocal critics of the Labor Department’s fiduciary rule is leaving the Securities and Exchange Commission – with a mammoth advice proposal out for public comment.SEC Commissioner... Read More
BY Nevin E. Adams, JD | 5/7/2018
As the fiduciary rule (and the Best Interest Contract Exemption) expires, regulatory agencies are reportedly ready with a fix, albeit a temporary one, for commission-based advisors offering... Read More
BY NAPA Net Staff | 5/4/2018
The Securities and Exchange Commission has launched an online search feature that enables investors to research whether the person trying to sell them investments has a judgment or order entered... Read More
BY Ted Godbout | 5/3/2018
The Securities and Exchange Commission’s Division of Enforcement has provided additional guidance on its Share Class Selection Disclosure (SCSD) Initiative in the form of 19 frequently asked... Read More
BY NAPA Net Staff | 4/27/2018
The Wall Street Journal reports that the Labor Department is examining whether Wells Fargo has been pushing participants to move money from their 401(k)s into more expensive IRAs at the bank.The... Read More
BY NAPA Net Staff | 4/27/2018
The Internal Revenue Service has announced relief for taxpayers (and arguably for plan sponsors) regarding a reduction in the 2018 maximum contribution limits for health savings accounts (HSAs).Tax... Read More
BY Ted Godbout | 4/20/2018
As a follow-up to enactment of the Tax Cuts and Jobs Act, the House of Representatives on April 18 approved multiple pieces of legislation intended to overhaul the IRS’s operations and tax... Read More
BY Nevin E. Adams, JD | 4/19/2018
Despite the 4-1 vote by the Securities and Exchange Commission to release for public comment its fiduciary proposals, the commissioners apparently (still) have issues with the current version.In... Read More
BY Andrew Remo | 4/19/2018
While the Securities and Exchange Commissioners were hardly unanimous in their assessment, they voted 4-1 to release for public comment a set of proposals to “enhance the quality and transparency of... Read More
BY Andrew Remo | 4/18/2018
Members of a House subcommittee pressed IRS representatives this week to explain their recent decision to dramatically increase the cost to small businesses of remedying retirement plan mistakes.An... Read More
BY Ted Godbout | 4/13/2018
Major proposed tax regulations by the Treasury Department will be subject to a new layer of review in the future, potentially affecting the drafting of retirement-based regulations.Under the terms of... Read More
BY Nevin E. Adams, JD | 4/12/2018
The Securities and Exchange Commission has announced plans for an open meeting to consider the agency’s long-awaited — and much anticipated — fiduciary proposal.According to a notice on the SEC’s... Read More
BY NAPA Net Staff | 4/9/2018
The Securities and Exchange Commission has struck a deal with three investment advisers charged with breaching fiduciary duties to clients and generating millions of dollars of improper fees in the... Read More
BY NAPA Net Staff | 4/6/2018
The IRS announced April 5 that it is requesting comments on the potential expansion of the scope of the determination letter program for individually designed plans during the 2019 calendar year,... Read More
BY Ted Godbout | 3/30/2018
Twenty years after the last major overhaul of the IRS, key members of Congress on both sides of the aisle believe the agency is long overdue for a makeover and needs to return to its “service first”... Read More
BY Nevin E. Adams, JD | 3/14/2018
The IRS has responded to the American Retirement Association’s comment letter on the significant changes to the pricing structure for the Voluntary Compliance Program (VCP) – but it’s not very... Read More
BY Ted Godbout | 3/14/2018
Given the recent attention and lack of formal guidance addressing missing participants for ongoing DC plans, there are increasing calls for the government to formally address how far plan sponsors... Read More
BY Ted Godbout | 3/7/2018
FINRA is seeking comments on a proposed streamlined rule to address the outside business activities and private securities transactions of registered advisers at member firms in an effort to reduce... Read More
BY Ted Godbout | 3/7/2018
The IRS says it intends to issue regulations permitting the acceleration of payments under a nonqualified deferred compensation (NQDC) plan to pay federal, state, local and foreign income taxes due... Read More
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