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The Labor Department rescinded a 2022 compliance release that directed fiduciaries to exercise “extreme care” before adding a cryptocurrency option ...
Tag: Investment
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 ...
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 ...
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.
