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SEC fines 2 Robinhood broker-dealers $45M over data breach, trade reporting violations

By Lynn Cavanaugh

The online trading firm has agreed to settle the Securities and Exchange Commission fines, related to 10 violations, including failures to report suspicious activity in a timely manner, implement adequate identity theft protections and provide "blue sheet data" to the SEC.

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DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

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Biden's final student loan forgiveness? 150,000 borrowers get $4.2B in debt cancelled

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Retirement Regulation Stories

January 13, 2025

American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit

A federal judge in Texas ruled that American Airlines violated its ERISA duties by not focusing "on the best financial benefit" for its 401(k) plan, in the biggest victory yet in a case involving ESG investing.

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January 13, 2025

New SECURE 2.0 auto-enrollment and 401(k) catch-up provisions: IRS issues guidelines

With regard to SECURE 2.0' s new catch-up provision, the IRS and the Treasury won't allow employers to require that plan participants make Roth contributions, according to newly proposed guidelines released on Friday.

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January 10, 2025

BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

The world's largest asset manager, with more than $10 trillion in assets under management, has dropped out of the Net Zero Asset Managers initiative, following the recent withdrawals of Morgan Stanley, Goldman Sachs, JP Morgan Chase and other megabanks.

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January 09, 2025

Edward Jones to pay $17M for mutual fund overcharges, violating Obama-era fiduciary rule

State securities regulators discovered gaps in the firm's supervisory process, when customers moved from brokerage to advisory accounts and the financial services firm implemented new policies in response to the now-defunct fiduciary rule.

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January 09, 2025

Northern Trust agrees to pay $6.9M over 'underperforming' target date funds lawsuit

Participants in the firm's $2.9 billion 401(k) plan had sued the company, alleging it failed to regularly monitor plan investments and remove underperforming in-house funds.

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January 08, 2025

SECURE 2.0: What provisions will most employers be adopting in 2025?

Only 5% of employers allow student loan matching in their 401(k)s, but prevalence is expected to increase in 2025, while there is minimal interest among employers in the $2,500 emergency savings option, according to a new Alight survey.

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January 06, 2025

Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees

Ex-employees are suing Verizon as well as State Street Global Advisors, which served as the "independent fiduciary" in putting the deal together to manage the pensions of 56,000 retirees.

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Retirement Regulation

Top Retirement Regulation Stories

SEC fines 2 Robinhood broker-dealers $45M over data breach, trade reporting violations

DOL tackles the 'missing plan participant' problem, offering retirement fiduciaries a new option

Biden's final student loan forgiveness? 150,000 borrowers get $4.2B in debt cancelled

Recommended Just For You

Retirement Regulation Stories

American Airlines breached fiduciary duty by prioritizing ESG goals, in 401(k) lawsuit

New SECURE 2.0 auto-enrollment and 401(k) catch-up provisions: IRS issues guidelines

BlackRock quits Net Zero climate group, after ongoing pushback against ESG investing

Edward Jones to pay $17M for mutual fund overcharges, violating Obama-era fiduciary rule

Northern Trust agrees to pay $6.9M over 'underperforming' target date funds lawsuit

SECURE 2.0: What provisions will most employers be adopting in 2025?

Verizon sued over $5.9B pension risk transfer deal with Prudential by ex-employees