Annual SEC report to Congress details increased efforts in fraud surveillance and prevention
The report cited FTC figures detailing a 21% increase from 2022 to 2023 in consumer investment scams and losses of ...
Tag: Investment
Treasury Department updates foreign investment committee authorities
The Treasury Department issued a final rule to “enhance” the authorities of CFIUS, which reviews certain foreign investments and real ...
Economic Outlook: The rising trend in CMO issuance
These complex financial instruments continue to be a popular choice among a diverse class of investors.
ABA supports bill to expand investment options for retirement plans at nonprofits
ABA said CITs are subject to the Employee Retirement Income Security Act of 1974 and must comply with federal tax ...
FDIC alerts banks about new QPAM exemption changes
The FDIC issued a financial institution letter to notify banks about recent amendments to the prohibited transaction class exemption 84-14 ...
Labor Department finalizes rule expanding ‘fiduciary’ definition
The Department of Labor released a new rule significantly broadening the definition of an investment advice “fiduciary” under the Employee ...
Labor Department finalizes amendments to QPAM exemption
The Department of Labor finalized its proposed amendments to prohibited transaction class exemption 84-14, better known as the QPAM exemption.
Report: Health savings accounts grew in 2023
There was roughly $123 billion saved in over 37 million health savings accounts at the end of 2023, a year-over-year ...
ABA to DOL: Exclude HSAs from coverage under the fiduciary rule
ABA said HSAs should be excluded because of the differences between IRAs and HSAs, and applying the rule would “significantly ...
ABA provides feedback on DOL’s ERISA reporting, disclosure requirements
Because existing disclosure and reporting regimes are comprehensive, sufficient and effective, no revisions or additions are necessary to the department’s ...
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