Just when it seemed that labor lawyer Lisa Gomez might finally be confirmed to lead the Employee Benefits Security Administration (EBSA)—after waiting for nearly a year—it looks like her wait will... Read More
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Regulatory Agencies
BY Ted Godbout | 6/3/2022
This year’s Social Security Trustees Report reveals both good and bad news on the current and long-term projected financial status of the program.
According to the Social Security Board of... Read More
BY Ted Godbout | 5/27/2022
The American Retirement Association is urging the IRS to make several modifications to the proposed regulations addressing the exception to the unified pln rule for multiple employer plans (MEPs).... Read More
BY Ted Godbout | 5/26/2022
Saying that it is seeking “consistent, comparable and reliable information,” the SEC is taking aim at the way investment advisers and registered investment companies describe and disclose their ESG... Read More
BY John Iekel | 5/20/2022
The Department of Labor (DOL), Treasury and Pension Benefit Guaranty Corporation (PBGC) on May 20 released the final revisions to the forms and instructions for the Form 5500 series to be used for... Read More
BY Retirement Learning Center | 5/18/2022
The ERISA consultants at the Retirement Learning Center Resource regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement plans and... Read More
BY Ted Godbout | 5/11/2022
Facing pressure from the industry and various lawmakers that its comment periods were too short, the Securities and Exchange Commission extended the comment period for its climate disclosure proposal... Read More
BY Ted Godbout | 5/4/2022
The Securities and Exchange Commission is not taking things lightly when it comes to protecting investors in crypto markets and from cyber-related threats.
The Commission announced May 3... Read More
BY Nevin E. Adams, JD | 5/3/2022
Noting that “data from Securities and Exchange Commission (SEC) filings demonstrates misalignment between the Company’s sustainability goals and investment options offered through the Amazon 401(k)... Read More
BY Nevin E. Adams, JD | 4/29/2022
The Department of Labor isn’t backing down on its cryptocurrency concerns—but a written response to U.S. Sen. Tommy Tuberville (R-AL) includes some comments with regard to its application to... Read More
BY Ted Godbout | 4/28/2022
After filing a cloture petition on April 25 to limit debate on the nomination of Lisa Gomez to serve as Assistant Secretary of the Department of Labor, Senate Majority Leader Chuck Schumer (D-NY) was... Read More
BY Ted Godbout | 4/26/2022
UPDATE 04/27/2022 at 9:30 a.m.: The cloture motion to expedite consideration of Lisa Gomez's nomination was withdrawn late April 26, further delaying consideration of her nomination.
It... Read More
BY Ted Godbout | 4/15/2022
Informal guidance issued by the Securities and Exchange Commission cautions investment advisers about their use of the term “fiduciary” on Form CRS—but an industry group argues the guidance goes... Read More
BY Ted Godbout | 4/13/2022
The chairman of the Securities and Exchange Commission thinks the Commission stands on firm ground with respect to its legal authority to mandate that public companies include climate-related... Read More
BY Ted Godbout | 4/7/2022
President Biden has nominated two new commissioners—one Democrat and one Republican—to serve on the Securities and Exchange Commission and bring the agency back to full capacity.
In... Read More
BY Ted Godbout | 3/31/2022
In addition to examining obligations under Regulation Best Interest, the SEC’s 2022 exam priorities will include several new emerging areas of focus, the Division of Examinations announced March 30.... Read More
BY Ted Godbout | 3/21/2022
In a regulatory first, publicly traded companies would be required to include certain climate-related disclosures in their registration statements and periodic reports, under new rules proposed March... Read More
BY Ted Godbout | 3/17/2022
In a win for independent financial advisors, a federal district court has ordered the reinstatement of a Trump-era rule on independent contractors, ruling that the Biden-led Department of Labor... Read More
BY Ted Godbout | 3/15/2022
Allison Herren Lee announced March 15 that she intends to step down once her successor has been confirmed. Lee’s term as commissioner expires in June, but she could continue serving for an additional... Read More
BY Ted Godbout | 3/10/2022
The Securities and Exchange Commission has released proposed rules to standardize disclosures regarding cybersecurity risk management and incident reporting by public companies.
The March 9... Read More
BY Nevin E. Adams, JD | 3/10/2022
The U.S. Department of Labor has published compliance assistance for 401(k) plan fiduciaries considering plan investments in cryptocurrencies, in an effort aimed at protecting the retirement savings... Read More
BY Ted Godbout | 3/10/2022
The $1.5 trillion budget bill passed by Congress this week includes budget boosts for the Employee Benefits Security Administration (EBSA) and the IRS—but bipartisan retirement legislation... Read More
BY Ted Godbout | 3/9/2022
Citing the dramatic growth in markets for digital assets with profound implications for consumers, investors and businesses, President Biden has issued an Executive Order calling for the “responsible... Read More
BY NAPA Net Staff | 3/8/2022
The Department of Labor’s Employee Benefits Security Administration has announced proposed amendments in its procedures governing the filing and processing of Prohibited Transaction Exemption (PTE)... Read More
BY Ted Godbout | 2/24/2022
Guidance on the SECURE Act, missing participants and student loan payments are among the items listed on the updated 2021-2022 Priority Guidance Plan of the Treasury Department and IRS.
The... Read More
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