Skip to main content

You are here


Regulatory Compliance

BY Ted Godbout | 4/21/2023
The Securities and Exchange Commission on April 20 issued new guidance in the form of a staff bulletin to assist broker-dealers and investment advisers in addressing their care obligations when... Read More
BY John Iekel | 3/10/2023
The IRS has issued guidance to financial institutions for reporting required minimum distributions (RMDs) for 2023. The guidance, contained in Notice 2023-23, implements a change to the RMD rules... Read More
BY Ted Godbout | 2/15/2023
In what appears to take direct aim at cryptocurrency, newly proposed amendments by the Securities and Exchange Commission would expand the current custody rule to include any client assets of which... Read More
BY Nevin E. Adams, JD | 2/13/2023
The U.S. Department of Labor’s Employee Benefits Security Administration is resoliciting comments on its Voluntary Fiduciary Correction Program for input on changes mandated by the SECURE 2.0 Act of... Read More
BY Ted Godbout | 2/8/2023
Announcing a significant change to its 2023 examination priorities, the Securities and Exchange Commission’s Division of Examinations advises that the new Marketing Rule will now be a core... Read More
BY Ted Godbout | 1/31/2023
A new risk alert from the Securities and Exchange Commission (SEC) warns that some firms are still not meeting their obligations under Regulation Best Interest (Reg BI) and encourages broker-dealers... Read More
BY Jamie Greenleaf | 1/24/2023
The Consolidated Appropriations Act of 2021 (CAA) is the most significant compliance challenge employers have faced since the Affordable Care Act. New requirements are in effect now, including... Read More
BY John Sullivan | 1/18/2023
The comment period for changes to the Department of Labor’s popular Voluntary Fiduciary Correction Program (VFCP) is rapidly coming to a close, with all comments due by Friday, Jan. 20.... Read More
BY Ted Godbout | 1/12/2023
In publishing its 2023 report on examinations and risk monitoring, the self-regulatory organization reminds stakeholders that Regulation Best Interest (Reg BI) and Form CRS remain key areas of focus... Read More
BY John Iekel | 1/2/2023
The IRS has issued proposed regulations on the use of electronic media to make participant elections and spousal consents. The proposed regulation generally affects sponsors and... Read More
BY John Iekel | 12/27/2022
Fast away the old year passes! There are plenty of things to occupy an employer, a plan administrator, and a service provider’s time as the year comes to a close — and the IRS offers suggestions... Read More
BY Ted Godbout | 12/27/2022
The Treasury Department and Internal Revenue Service have announced that brokers will not be required to report additional information with respect to dispositions of digital assets until final... Read More
BY NAPA Net Staff | 12/6/2022
In a new episode of the Nevin & Fred podcast, Nevin (Adams) and Fred (Reish) take a look at the Labor Department’s much-anticipated final ESG rule. The Labor Department says that it will allow... Read More
BY Ted Godbout | 12/6/2022
The Certified Financial Planner Board of Standards (CFP Board) has released a new guide about cryptocurrency-related assets to help CFP professionals uphold the Code of Ethics and Standards... Read More
BY Ted Godbout | 12/6/2022
An information letter recently released by the Department of Labor addresses the application of ERISA’s bonding requirements to a pooled employer plan (PEP) established under the SECURE Act. More... Read More
BY Nevin E. Adams, JD | 12/6/2022
A little more than a week ago, the U.S. Department of Labor unveiled its much-anticipated final ESG rule.  There’s a lot to unpack in that regulation (and the rest of the 236-pages that help... Read More
BY John Iekel | 11/28/2022
The IRS on Nov. 21 announced that there will be no changes to the required amendments (RA) for individually designed plans qualified under Code Sections 401(a) and 403(b) for 2022. The IRS made the... Read More
BY Ted Godbout | 11/23/2022
The American Retirement Association (ARA) is calling on the Department of Labor (DOL) to make changes to its proposed amendments to the QPAM exemption, arguing that, as currently drafted, the... Read More
BY Retirement Learning Center | 11/23/2022
ERISA consultants at the Retirement Learning Center (RLC) Resource Desk regularly receive calls from financial advisors on a broad array of technical topics related to IRAs, qualified retirement... Read More
BY NAPA Net Staff | 11/23/2022
The Securities and Exchange Commission has charged Goldman Sachs Asset Management, L.P. (GSAM) for policy and procedure failures involving two mutual funds and one separately managed account... Read More
BY Nevin E. Adams, JD | 11/22/2022
A trio of Democratic U.S. Senators are—once again—calling for Fidelity to drop its 401(k) plan crypto option.  Sens. Dick Durbin (D-IL), Elizabeth Warren (D-MA) and Tina Smith (D-MN) have... Read More
BY Nevin E. Adams, JD | 11/18/2022
The U.S. Department of Labor has announced that its Employee Benefits Security Administration has proposed some big changes to its Voluntary Fiduciary Correction Program—including a provision long-... Read More
BY John Iekel | 10/21/2022
The Internal Revenue Service announced today that the amount individuals can contribute to their 401(k) plans in 2023 has increased to $22,500, up from $20,500 for 2022. In Notice 2022-55, the IRS... Read More
BY Ted Godbout | 10/19/2022
While the updated limits could come out any day now, a final snapshot projects that record increases are in store for nearly all qualified retirement plan limits.    The 2023 limits will... Read More
BY NAPA Net Staff | 10/13/2022
FINRA has its first Reg BI enforcement action—resulting in a six-month suspension and a $5,000 fine in a case of excessive trading. The activity in question was a case of churning within an... Read More