Trump directs agencies to explore opening 401(k) plans to crypto, alternative assets
President Trump issued an executive order directing Secretary of Labor Lori Chavez-DeRemer to explore allowing the use of cryptocurrency and ...
Tag: Investment
FinCEN to temporarily exempt investment advisers from new BSA requirements
FinCEN temporarily exempted investment advisors from a new rule requiring them to comply with Bank Secrecy Act regulations, saying it ...
House passes ABA-backed bill to protect senior investors
The House passed by voice vote a bill directing the Securities and Exchange Commission to create a task force dedicated ...
ABA, associations seek revisions to data breach standards for investment companies, advisers
The SEC needs to provide more clarity and guidance about recent amendments to its data breach standards for investment companies ...
FinCEN announces intent to postpone applying BSA requirements to investment advisers
FinCEN intends to postpone the effective date of a new rule to require certain investment advisers to comply with Bank ...
Volatility prompts banks to hoard cash and implement financial hedges
Even smaller banks with only a few billion dollars in assets are using swaps and other derivatives to more proactively ...
ABA makes additions to ABA Nasdaq Community Bank Index
ABA has added two banks to the ABA Nasdaq Community Bank Index. The index includes 236 community banks with $198.7 ...
Labor Department rescinds guidance on crypto and 401(k)s
The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Survey: Investors don’t feel prepared for generational wealth transfer
Nearly two-thirds of survey respondents perceive preparedness for estate transitions to the next generation as very important, while only 28% ...
ABA backs bill to expand investment options for retirement plans at nonprofits
ABA expressed its support for bipartisan legislation to “level the playing field” among retirement plans by expressly authorizing 403(b) plans ...
