SECURE 2.0: Over-Rated or Game-Changing?
The SECURE 2.0 Act was signed by President Biden on December 29, 2022 as part of the Consolidated Appropriations Act (CAA) of 2023.
Retirees Are Forced To Cut Back Due to Lack of Savings
Generally, people spend less in their later years after retirement, but according to research, this is often not by choice. Therefore, the question raised by many leading retirement experts about retirement spending is now very relevant.
With Reg BI comes New Compliance Liability
When it comes to compliance, companies need to tailor their procedures and policies to the specific context in which the firm operates.
The New SEC Enforcement Director: Gurbir Grewal
Within a month of Gurbir Grewal stepping into his new role as the SEC enforcement director, he has already begun to ruffle a few feathers – by fining 27 firms for failing to file the Customer Relationship Summary (CRS) with the SEC. The CRS was put into place a year prior to Grewal’s instatement this July.
New President is in, what’s in store for the SEC and Reg BI?
Ever since the SEC first announced its Regulation Best Interest, many in the financial services industry have been doubtful about its longevity. We saw the DOL rule come and go, and this has really made it seem like new regulation might not last long
RegBIDEN: What’s next for Reg BI in the new administration
With Biden taking office in January, many advisors are wondering what the future of Regulation Best Interest looks like. There’s certainly been plenty of speculation on the subject, so let’s take a look at what could change during the transition.