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Regulatory Compliance

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 NAPA Net Staff | 5/24/2022
The Securities and Exchange Commission has charged an investment advisor for “misstatements and omissions about Environmental, Social, and Governance (ESG) considerations in making investment... Read More
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 NAPA Net Staff | 5/17/2022
Citing the current lack of a “compelling policy objective that comports with the Department’s mandate,” the American Retirement Association has commented that the Labor Department shouldn’t call out... Read More
BY Ted Godbout | 5/17/2022
In the wake of the SEC announcing a $6 billion securities fraud deal against Allianz Global Investors U.S. LLC (AGI U.S.), the firm off-loaded most of its U.S. investment management business as part... Read More
BY John Iekel | 5/16/2022
The IRS on May 13 announced that it is extending to the end of 2022 the temporary relief from the requirement that certain participant elections be witnessed in the physical presence of a plan... Read More
BY Ted Godbout | 5/6/2022
With the full compliance date for the SEC’s new marketing rule fast approaching, firms need to be working towards updating their policies and procedures, advises a new white paper from The Wagner Law... Read More
BY Ted Godbout | 5/4/2022
Final regulations implementing changes under the SECURE Act updating the Form 5500 filing requirements and instructions for a group of plans (GoP) may be released in the coming weeks.  The... Read More
BY John Iekel | 4/29/2022
The IRS has announced the health savings account limits for 2023. The announcement came in Revenue Procedure 2022-24, dated April 29. HSA Limits For calendar year 2023, the annual... Read More
BY Michael P. Barry | 4/27/2022
The Biden Department of Labor (DOL) has published a series of pronouncements—revised regulations on ESG, a “Supplemental Statement” on private equity, a Compliance Assistance Release on “... Read More
BY Nevin E. Adams, JD | 4/15/2022
Spurred by the recent cryptocurrency “compliance assistance release,” nearly a dozen industry trade groups—including the U.S. Chamber of Commerce—have expressed concern about “a trend at EBSA away... Read More
BY Nevin E. Adams, JD | 3/29/2022
Years back I remember being part of a Q&A with a group of plan sponsors—the focus was the challenge of not only getting, but keeping their plans in compliance, while also looking for creative... Read More
BY Ted Godbout | 3/25/2022
Proposed guidance addressing the so-called “one-bad-apple” rule under the SECURE’s Act multiple employer plan (MEP) provisions was released March 25.  The proposed regulations address changes... Read More
BY NAPA Net Staff | 2/24/2022
A small paragraph in a long government filing has drawn some media attention. Under “Legal Actions”—a single paragraph on page 153 in a 202-page 10-K filing—it was noted that, “Federal government... Read More
BY John Iekel | 2/23/2022
The IRS on Feb. 23 issued a proposed rule addressing the required minimum distribution (RMD) requirements for plans qualified under Code Section 401(a) that will update applicable... Read More
BY Ted Godbout | 2/16/2022
The Securities and Exchange Commission has settled with six investment advisers and six broker-dealers over charges that they failed to file and deliver their client or Form CRS customer relationship... Read More
BY Ted Godbout | 2/11/2022
Some firms apparently are not meeting their basic responsibilities to comply with Reg BI and Form CRS, the industry self-regulatory organization has found. In its 2022 Report on Examination and... Read More
BY Ted Godbout | 2/9/2022
The Securities and Exchange Commission proposed new rules on Feb. 9 that seek to address concerns about the cybersecurity preparedness of registered investment advisers and funds, and to reduce... Read More
BY John Iekel | 12/30/2021
The Department of Labor, IRS and Pension Benefit Guaranty Corporation (PBGC) on Dec. 29 released information copies of the Form 5500, Form 5500-SF and Form 5500-EZ for use in reporting about the 2021... Read More
BY John Iekel | 12/29/2021
The Department of Labor’s Employee Benefits Security Administration (EBSA) on Dec. 29 unveiled final revisions to the Form 5500 and Form 5500-SF. The revised forms are to be used for... Read More
BY Ted Godbout | 12/21/2021
While an SEC review of customer relationship summaries (Form CRS) observed good examples of clear disclosures, the agency warns that it also observed areas where compliance improvements are needed.... Read More
BY John Iekel | 12/17/2021
The IRS on Dec. 17 announced the standard mileage rates—optional rates used to calculate the deductible costs of operating an automobile for business, charitable, medical or moving purposes—... Read More
BY Ted Godbout | 12/16/2021
To reduce the likelihood of runs on money market funds during periods of stress, the Securities and Exchange Commission voted 3-2 on Dec. 15 to propose amendments to tighten the liquidity... Read More
BY Nevin E. Adams, JD | 12/15/2021
Among the nearly 29,000 comments received,[i] a group of senior U.S. senators has suggested that the Labor Department pull its ESG proposal, while a dozen state Attorneys’ General are backing... Read More
BY NAPA Net Staff | 12/14/2021
While the American Retirement Association is broadly supportive of its stated intentions, the Labor Department’s proposed rule regarding consideration of ESG factors in plan investments and... Read More