401(k) Specialist Issue 1 - 2020 - 10
401(k) FIDUCIARY FILE
Electronic Enforcer
THE SECURITIES AND EXCHANGE COMMISSION recently
announced Austin Gerig as its chief data officer, a new leadership
position at the agency.
The chief data officer will help develop the SEC's data management
strategy and priorities, enable data analytics to support
enforcement, examinations and policymaking, and " ensure that
the agency collects only the data it needs to fulfill its mission and
can effectively secure. "
" I am pleased that Dr. Gerig has agreed to bring his broad
experience in data strategy and management to this important
new role for the Commission, " SEC Chairman Jay Clayton said
in a statement. " He is well-suited to further our efforts to ensure
there is a coherence between the information we collect and the
information we need to carry out our mission. My colleagues at the
Commission and I look forward to working with Austin as we strive
to better both our use and our protection of data. "
Gerig, formerly assistant director of the Office of Data Science
in the Division of Economic and Risk Analysis (DERA), assumed his
new position in February.
Political Heavyweights Try to Halt Reg BI
POWERFUL INTERESTS AND actors lined up against the SEC's
Regulation Best Interest, which requires broker-dealers and their
registered reps to act in the best interest of the client when investment
recommendations are made.
While meant to avoid conflicts of interest, critics contend it
doesn't go far enough in its regulatory oversight and will cause confusion
in the marketplace about various rules and roles that govern
financial professionals.
Former Congressman Barney Frank (D-Mass.) and Former Senator
Chris Dodd (D-Conn.), the political duo behind 2010's Dodd-Frank
Wall Street Reform Act, added their names to an amicus brief filed in
support of a lawsuit challenging Reg BI specifically on the grounds
that it failed to adhere to provisions of Dodd-Frank.
The suit, from XY Planning Network and outspoken industry personality
Michael Kitces, claims " the SEC has exceeded its authority
by impermissibly trying to re-write the registration requirements to
become an investment adviser, " and that operating under a fiduciary
standard of care is paramount.
The supporting brief argues as much, noting that " the
boundaries between the services provided by broker-dealers
and investment advisers [have] eroded. "
ONLINE
EXTRA
10
ISSUE 1 2020 | 401kSpecialist.com
http://www.401kSpecialist.com
401(k) Specialist Issue 1 - 2020
Table of Contents for the Digital Edition of 401(k) Specialist Issue 1 - 2020
Table of Contents
401(k) Specialist Issue 1 - 2020 - Cover1
401(k) Specialist Issue 1 - 2020 - Table of Contents
401(k) Specialist Issue 1 - 2020 - 1
401(k) Specialist Issue 1 - 2020 - 2
401(k) Specialist Issue 1 - 2020 - 3
401(k) Specialist Issue 1 - 2020 - 4
401(k) Specialist Issue 1 - 2020 - 5
401(k) Specialist Issue 1 - 2020 - 6
401(k) Specialist Issue 1 - 2020 - 7
401(k) Specialist Issue 1 - 2020 - 8
401(k) Specialist Issue 1 - 2020 - 9
401(k) Specialist Issue 1 - 2020 - 10
401(k) Specialist Issue 1 - 2020 - 11
401(k) Specialist Issue 1 - 2020 - 12
401(k) Specialist Issue 1 - 2020 - 13
401(k) Specialist Issue 1 - 2020 - 14
401(k) Specialist Issue 1 - 2020 - 15
401(k) Specialist Issue 1 - 2020 - 16
401(k) Specialist Issue 1 - 2020 - 17
401(k) Specialist Issue 1 - 2020 - 18
401(k) Specialist Issue 1 - 2020 - 19
401(k) Specialist Issue 1 - 2020 - 20
401(k) Specialist Issue 1 - 2020 - 21
401(k) Specialist Issue 1 - 2020 - 22
401(k) Specialist Issue 1 - 2020 - 23
401(k) Specialist Issue 1 - 2020 - 24
401(k) Specialist Issue 1 - 2020 - 25
401(k) Specialist Issue 1 - 2020 - 26
401(k) Specialist Issue 1 - 2020 - 27
401(k) Specialist Issue 1 - 2020 - 28
401(k) Specialist Issue 1 - 2020 - 29
401(k) Specialist Issue 1 - 2020 - 30
401(k) Specialist Issue 1 - 2020 - 31
401(k) Specialist Issue 1 - 2020 - 32
401(k) Specialist Issue 1 - 2020 - 33
401(k) Specialist Issue 1 - 2020 - 34
401(k) Specialist Issue 1 - 2020 - 35
401(k) Specialist Issue 1 - 2020 - 36
401(k) Specialist Issue 1 - 2020 - 37
401(k) Specialist Issue 1 - 2020 - 38
401(k) Specialist Issue 1 - 2020 - 39
401(k) Specialist Issue 1 - 2020 - 40
401(k) Specialist Issue 1 - 2020 - 41
401(k) Specialist Issue 1 - 2020 - 42
401(k) Specialist Issue 1 - 2020 - 43
401(k) Specialist Issue 1 - 2020 - 44
401(k) Specialist Issue 1 - 2020 - Cover3
401(k) Specialist Issue 1 - 2020 - Cover4
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2024
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2023
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2022
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2021
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2020
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2019
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2018
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2017
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-4-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-3-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-2-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2016
https://www.nxtbook.com/401kspecialist/401k/401k-specialist-issue-1-2015
https://www.nxtbookmedia.com