During the Trump administration, the Department of Labor issued a controversial information letter confirming that under certain circumstances, private equity investments could be permissible as part of target-date, balanced or similar investment fund that was an option on a retirement ...

Retirement plan advisers should think twice before making cryptocurrency an investment option in a 401(k) plan, the DOL warned Thursday, vowing to investigate those who do. The Department of Labor has noticed over the last few months that financial services ...

Wells Fargo & Co. said the Labor Department and other federal agencies are investigating its 401(k) plan.  The agencies are “reviewing certain transactions associated with the employee stock ownership plan feature of the company’s 401(k) plan, including the manner in ...

Opponents of a Labor Department investment advice regulation that went into force this week hope history will repeat itself in Texas, where they’re trying to strike it down. The Federation of Americans for Consumer Choice filed a lawsuit in a ...

Smaller financial advisory firms may not be ready for the regulatory world they’re living in now that the DOL is policing most of a retirement-savings advice rule. On Tuesday, the Department of Labor began enforcing an investment advice regulation for ...

Feedback can help regulators understand how new requirements will work on the ground or gauge unintended negative consequences. There are very important reasons for stakeholders to weigh in on regulations that will affect them, however, we are seeing a troubling ...

A Senate panel on Thursday again approved Lisa Gomez to head the Department of Labor’s oversight of retirement policy, and she returned to the familiar position of awaiting a vote by the full Senate. In a mostly party line vote, ...

The Department of Labor and the Securities and Exchange Commission are poised to advance several rulemakings this spring related to environmental, social and governance investing. The agencies are expected to move over the next few months — fairly quick by ...

Federal regulators are poised to facilitate sustainable investing in 2022 despite political opposition. They’re also likely to step up scrutiny of how financial advisers market and execute environmental, social and governance investment strategies. Both the Department of Labor and the ...

Retirement plan sponsors considering private equity investments recently got a message from the Department of Labor: Not so fast. On Dec. 22, the agency published a supplement to a letter it issued during the Trump administration, tempering the prior guidance ...