Washington

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  1. High-speed traders enlist former CFTC commissioner to improve image

    trueFormer U.S. Commodity Futures Trading Commission member Bart Chilton, an outspoken critic of some high-speed trading practices while at the agency, has been enlisted in a Washington-based effort to improve the image of an industry beset by regulatory and legislative scrutiny.

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  1. SEC rules Timbervest violated Investment Advisers Act

    trueAn SEC administrative law judge ruled Wednesday that institutional timber manager Timbervest LLC violated terms of the Investment Advisers Act of 1940.

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  2. DOL issues RFI for guidance on brokerage windows in retirement plans

    trueThe Department of Labor issued a request for information to determine whether it should issue additional regulations and/or guidelines for brokerage windows in retirement accounts covered by the Employee Retirement Income Security Act.

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  3. Washington state high court rules pension benefit reductions are constitutional

    trueThe Washington State Supreme Court upheld as constitutional two bills passed by the state Legislature in 2007 and 2011 that reduced benefits for some participants in several of the state's pension funds.

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  4. SEC: Private fund manager AUM up 22% for year ended May 31

    trueRegulatory assets under management by private equity, hedge fund and other private fund managers required to register with the SEC increased 22% to $8.9 trillion in the year ended May 31.

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  5. Robert Nagle, an architect of ERISA, dies at 84

    trueRobert E. Nagle, who as general counsel of the Senate Committee on Labor and Public Welfare was one of the architects of the Employee Retirement Income Security Act of 1974, died on Saturday night in McLean, Va., following a battle with cancer. He was 84.

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  6. S&P Dow Jones Indices stands pat on Russian stocks

    trueS&P Dow Jones Indices will not remove any Russian stocks from its indexes at this time as a result of recent sanctions on some Russian securities imposed by the Department of Treasury’s Office of Foreign Assets Control, said David Blitzer, managing director and chairman of the index committee.

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  7. SEC ruling expected in Timbervest case

    trueAn SEC administrative law judge is scheduled to rule this week on whether institutional timber manager Timbervest LLC's violated securities laws and order firm officials to pay more than $15 million in disgorgement payments and interest.

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  8. Challenges of cybersecurity

    trueTrustees and other fiduciaries overseeing large asset pools face increasing challenges from cybersecurity risk, and must strengthen their risk management and preparedness to deal with these potential threats.

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  9. Cox Enterprises ordered to pay $13.9 million to PBGC for News-Journal plan

    trueCox Enterprises Inc. will have to give the Pension Benefit Guaranty Corp. $13.9 million to cover the unfunded pension liabilities of News-Journal Corp.

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  10. Global retirement systems must be reformed — EY report

    trueThere is a general acceptance among industry experts, policymakers and governments that global retirement systems must be reformed

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  11. SEC, Kansas settle over state's pension fund disclosure in bond offerings

    trueThe state of Kansas reached a settlement with the Securities and Exchange Commission Monday

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  12. Ex-CEO of ConvergEx Global Markets faces Justice, SEC charges

    trueAnthony G. Blumberg, former CEO of ConvergEx Global Markets, a now-shuttered broker-dealer subsidiary of ConvergEx Group, was charged by the Justice Department and the SEC with concealing fees to buy and sell securities.

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  13. Maryland CIO leaving for federal post on public pensions

    trueA. Melissa Moye is resigning as chief investment officer of the $45.4 billion Maryland State Retirement & Pension System, Baltimore, officials announced Monday.

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