Browsing Tag
Regulation
216 posts
Secretary Galvin Slams SEC Fiduciary Rule ‘Fail’
High-profile regulator and Massachusetts Secretary of Commonwealth William Galvin pulled no punches in his view of the SEC’s…
401k Target Date CITs with ‘Built In’ Fiduciary Monitoring
Combine TDFs, CITs and fiduciary responsibility and it’s sure to get 401k advisor attention. Manning & Napier announced…
Eyepopping Unfunded Pension Debt Reinforces 401k Need
The sorry state of unfunded pension liability is causing angst and anxiety among those expecting a government-promised defined…
Home Depot Accused of Shoddy 401k Construction
A $140 million ERISA class-action lawsuit has been filed against The Home Depot on behalf of more than…
Legal Powerhouse Forms ‘Fiduciary Governance Group’
“In one fell swoop, the 5th Circuit Court of Appeals dropped the hammer on the DOL Fiduciary Rule, tossing out the expanded scope of fiduciary ‘investment advice’ and the related exemptions, including the…
6 Easy Steps to Get Sued Over Your 401k Plan
As employee benefits lawyers, we spend a lot of time telling retirement plan sponsors how to follow the…
What 401k RESA Legislation Means for MEPs and PEPs
A stand-alone pension bill that re-introduces the concept of a Pooled Employer Plan (PEP) surfaced in the Senate…
Regulator Galvin Investigates Wells Fargo’s 401k Rollover Recommendations
The hits keep happening. Massachusetts Secretary of Commonwealth William Galvin has opened an investigation into Wells Fargo Advisors,…
What to do About Small and Missing 401k Accounts
Elizabeth Warren is on the hunt—for small and missing 401k accounts. The Massachusetts senator and liberal gadfly reintroduced…
Sloppy Scottrade Fiduciary Slip Completely Self-Inflicted
Regarding its ongoing drama with Spitzer mini-me William Galvin, a simple misstep might have done Scottrade in—and it…