Fiduciary duty
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DOL unveils ‘historic’ proposal to allow alternative investments in 401(k)s
It boldly establishes which considerations fiduciaries need to address with respect to all of the investment alternatives available for a 401(k) plan, not just those products with alternative investment features.
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SEC’s Daly mulls strategy for e-delivery, recordkeeping clarity, and AI as firms automate
“What if we reimagined disclosure using large language models?”
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Podcast: Marc Steinberg on corporate officer and director liability
Are corporate officers and directors really “fiduciaries” in the way corporate law doctrine would have us believe?
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SEC fines Vanguard, Empower for misleading statements, conflicts of interest
Vanguard and Empower allegedly created conflicts of interest by incentivizing advisers to steer clients toward fee-based services, minus the requisite disclosure.
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SEC and beneficial owners – rethinking proxy voting in a complex system
Efforts to engage with beneficial owners and provide them with mechanisms for influencing governance outcomes appear to be converging with a broader regulatory push for transparency.
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SEC fines Transamerica for fiduciary disclosure failures
Transamerica Retirement Advisors failed to disclose financial conflicts tied to retirement rollovers, affecting thousands of clients.
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Supreme Court relaxes ERISA pleading standard
The outcome makes it substantially easier for beneficiaries to sue their fund administrators.
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SEC fines Momentum Advisors, two officers $500,000+ over fiduciary breaches
Momentum Advisors LLC, along with its former COO and CCO, were charged with violations related to the misuse of portfolio company assets.