Washington

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  1. SEC picks hedge fund expert as OCIE deputy director

    trueMarc Wyatt was named deputy director of the SEC’s office of compliance inspections and examinations, the agency announced Monday.

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  1. SEC enforcement sets record in FY 2014

    trueThe Securities and Exchange Commission filed a record 755 enforcement actions in fiscal year 2014 that led to $4.16 billion in disgorgement and penalties, according to preliminary figures released by the agency Thursday.

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  2. Regulation is top concern for boutique managers — report

    trueBoutique money managers globally say regulation is the greatest potential hindrance to their success, with the proportion of those citing it as a major focus increasing to 42% compared with 2013.

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  3. ISDA introduces rules to delay swaps termination rights

    trueSwaps termination rights and collateral demands will be delayed under rules introduced by the International Swaps and Derivatives Association and agreed to Oct. 11 by 18 major banks.

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  4. Pension-related cases being heard by the Supreme Court

    trueThe Supreme Court's new term includes cases challenging investors' burden of proof in securities litigation and whether 401(k) plan fiduciaries can be sued for investment choices made years earlier.

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  5. Political groups appeal SEC pay-to-play rule

    trueA federal limit on political contributions by money managers doing business with public pension funds is working so well that some political groups are continuing to challenge it in court.

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  6. Challenges from 401(k) fiduciary breaches litigation

    trueWith ERISA entering its 41st year, commentators highlighting the landmark legislation's successes and failures have paid little attention to the newfound focus on fiduciary responsibility resulting from an increase in litigation from alleged fiduciary breaches, particularly in 401(k) defined ...

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  7. Canada may ban pension funds from investing in sponsor's stock

    trueCanadian corporate pension plans would be banned from investing directly in their sponsoring company stock under a draft of federal regulatory changes announced late last month.

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  8. PPF expects to collect £635 million, down from year earlier

    truePension Protection Fund, London, will collect £635 million ($1 billion) in levies from qualifying employers for the 2015-’16 fiscal year, almost 9% less than the 2014-‘15 year estimate, a statement from the fund said.

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  9. Guidance, flexibility offered in cash balance rules

    trueCash balance plan sponsors got a compliance road map and added flexibility in picking expected rates of return when final regulations on the hybrid plans were issued by the Treasury Department and Internal Revenue Service.

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  10. PBGC to take over James River Coal pension fund

    trueThe PBGC will take over the defined benefit plan of James River Coal Co., the agency announced Wednesday.

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  11. PBGC proposes requirement for employers to disclose lump-sum offers

    trueThe Pension Benefit Guaranty Corp. disclosed that it intends to require employers to report to the agency offers they make to pension fund participants to convert their monthly annuity to a cash lump-sum benefit.

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  12. American Benefits Council calls for simplified retirement approach from Washington

    trueEmployers need more flexibility and simplicity in providing retirement and other benefits, officials with the American Benefits Council said Tuesday as they unveiled a strategic plan for where employee benefits should be in 2020.

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  13. http://www.pionline.com/article/20140919/ONLINE/140919808/-1/ramp/

    trueThe CFA Institute on Friday called for the Securities and Exchange Commission to revive its proxy access rule, contending it would increase U.S. market capitalization by as much as $140.3 billion.

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