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ARTICLE · 24 MAY 2018

Benefits Counselor May 2018

The Employee Benefits Security Administration released new guidance on economically targeted investments and shareholder engagement.

United StatesEmployment and HR

General Employee Benefits

SEC Releases Fiduciary Rule Proposals

On April 18, 2018, the Securities and Exchange Commission ("SEC") released a package of proposals regarding the standards of conduct and required disclosures for broker-dealers and investment advisers who provide services to retail investors.  One of the proposals is to require broker-dealers to act in the best interest of a retail customer when making a recommendation of any securities transaction or investment strategy involving securities, without putting the financial or other interest of the broker-dealer ahead of the retail customer.  A broker-dealer would discharge this duty by complying with each of the following obligations:

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