Illinois Enacts Nation’s First Required Retirement Plan Law
In what is a first for the nation, the State of Illinois this month passed into law a requirement that most employers must offer automatic retirement savings programs.
S&P Suspended, Fined Almost $80 Million in SEC, State Cases
Standard & Poor’s agreed to be suspended from rating the biggest part of the commercial-mortgage bond market over claims it bent criteria to win business.
SEC Bans Credit Rater S&P From Big Part of Bond Market
Ban will last a year as part of a $60 million settlement regarding ratings of commercial-mortgage bonds in 2011.
Hedge Funds Cut Oil Bets After Worst Drop Since 2008
“People are willing to buy into the market at these price levels,” said Michael Lynch, president of Strategic Energy & Economic Research.
Mass. Regulator Galvin Issues ‘Emergency’ Crowdfunding Exemption
The Massachusetts Securities Division said Thursday that it had adopted a crowdfunding exemption for offerings within the state.
Top 10 States With Best Performing 401(k)s
Find out which states' 401(k) plans moved into the Top 10 and which fell out in 2014, according to Judy Diamond Associates.
New Hire Roundup: Morningstar Shuffles Leadership
Meanwhile, the SEC has appointed a new equity market structure committee, which includes FINRA CEO Richard Ketchum.
RCS Capital Faces Class-Action Shareholder Lawsuit
Suit filed by Pomerantz seeks to recover damages on behalf of those who bought RCS Capital securities between Feb. 12 and Oct. 31.
F-Squared Pays SEC $35M Fine to SEC for Misleading Performance Advertising
SEC says F-Squared's AlphaSector used back-tested performance data that mistakenly inflated results by 350%, not actual performance numbers.
Republicans Get Tough With SEC Over User Fees
Industry trade groups remain steadfast in their bid to secure more backers of a bipartisan user-fees bill.