Washington

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  1. District Court judge declines to stop SEC action against Patriarch Partners

    truePatriarch Partners and CEO Lynn Tilton lost their bid to have a U.S. District Court judge stop an SEC administrative proceeding against them, but are appealing the decision.

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  1. KKR pays nearly $29 million to settle charges with SEC over broken deal fees

    trueKKR has settled SEC charges that the alternatives investment firm had from 2006 to 2011 charged investors in its private equity funds for deals it pursued but did not consummate, the SEC order issued Monday shows.

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  2. IRA regulation on the horizon, Washington experts say

    trueThe Department of Labor’s proposed update to its fiduciary rule “is all about the ERISA-fication of the IRA space,” Groom Law Group Chairman Steven Saxon told attendees at the Insured Retirement Institute’s Washington conference on Monday.

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  3. SEC on defensive following setback on use of hearings

    trueAn impressive yearlong enforcement winning streak by the Securities and Exchange Commission could come to a screeching halt as the securities watchdog finds itself being forced to defend a preference for in-house administrative hearings over court action.

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  4. Lawmakers propose bill to end carried interest

    truePrivate equity and other private fund managers would pay regular tax rates under a legislative proposal introduced Thursday that would end carried interest.

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  5. Senate panel offering no money for DOL fiduciary rule

    trueA Senate Appropriations Committee budget bill approved Thursday doesn't allow any money for the Department of Labor to finalize its proposed fiduciary rule.

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  6. House committee cuts funding for DOL fiduciary rule-making

    trueThe Department of Labor would be unable to spend any money to update its fiduciary rule under a House Appropriations Committee budget approved Wednesday.

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  7. Office of Financial Research: Financial system risks are moderate

    trueRisks to financial stability have not increased in the last six months, but market volatility has, said an assessment released Wednesday by the Office of Financial Research.

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  8. Washington State Investment Board sets $500 million for timber, infrastructure

    trueWashington State Investment Board hired Twin Creeks Timber to manage $300 million in timberland and committed $200 million to ISQ Cube Hydro Co-Investment Fund.

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  9. SEC files Wells notice against State Street

    trueThe Securities and Exchange Commission is recommending that action be taken against State Street Corp., said an 8-K filing from State Street on Thursday.

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  10. PBGC chooses inspector general

    trueRobert Westbrooks was named inspector general of the Pension Benefit Guaranty Corp.

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  11. Teamsters, machinists, aerospace unions support bill to repeal multiemployer reforms

    trueInternational Brotherhood of Teamsters endorsed legislation introduced Thursday that would repeal the Multiemployer Pension Reform Act of 2014.

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  12. Fed not ready to raise rates

    trueA slight uptick in job gains for the second quarter did not persuade members of the Federal Open Market Committee to raise the federal funds rate.

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  13. Treasury Department preps regulations for implementing multiemployer law

    trueThe Treasury Department on Wednesday released proposed and temporary regulations for implementing the Multiemployer Pension Reform Act of 2014, which among other things, allows severely distressed plans to reduce benefits and allows the Pension Benefit Guaranty Corp. to partition some plans to save ...

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