SEC Stock Buyback Disclosure Rule Vacated by Appeals Court
The rule would have required much more information on buybacks to be disclosed to investors.
Regulation
SEC Accredited Investor Report Emphasizes Lack of Sophistication, Retirement Assets
The study of the accredited investor definition highlighted the lack of emphasis on sophistication and the growing number of qualified households.
SEC Finalizes Treasury Clearing Rule
The rule requires most secondary transactions to be centrally cleared by June 2026.
How Pensions Work for Members of Congress, Expelled or Otherwise
Generally, members must complete at least five years of service to qualify, which George Santos did not.
DOL Inspector General Says EBSA Lacks Resources to Audit Pensions
Cybersecurity threats and limited audits were key concerns highlighted in a report by the inspector general.
Supreme Court Hears Case That Could Invalidate Administrative Courts
The ruling, expected in June 2024, could have a wide-ranging impact.
Asset Management Advisory Firm President Charged by SEC in Massive Fraud
John Hughes bilked dozens of victims of nearly $300 million in a ‘brazen and sophisticated fraud’ and has already pleaded guilty to criminal charges.
FINRA Proposes Allowing Projected Performance in Marketing to Institutional Investors
The regulating body breaks with its previous skepticism of projected performance, but only for qualified purchasers and institutional investors.
PBGC Reports Glowing Financial Health
The pension insurer is well in the green, but conditions can be volatile.
Congress Passes Continuing Resolution
The temporary budget would keep the government funded into next year.
Federal Court Enters Judgment Against Former Hedge Fund Trader
Premium Point had inflated the value of private funds it advised by hundreds of millions of dollars to hide poor performance.
Proposed Senate Bill Requires Chinese Investment Disclosures for Private Funds
The legislation would also cover investments in Russia, Iran and North Korea.
Should SEC’s Rule 605 Come Before Other Market Structure Proposals?
Of the four market structure proposals, Rule 605 is the most popular, and some argue it should be implemented ahead of the others.
PBGC Updates Mortality Tables for 2024
The tables are used for calculating withdrawal liability and missing participant program transfer amounts.