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Employee Retirement Income Security Act (ERISA) › SIFMA

Paul Hastings LLP

Federal Court Rules that Missouri Anti-ESG Rules Are Preempted by Federal Law and Are Unconstitutional

Paul Hastings LLP on

On August 14, 2024, the United States District Court for the Western District of Missouri declared unconstitutional two anti-ESG disclosure rules issued by the Missouri Securities Division and applicable to broker-dealers and...more

Proskauer - Corporate Defense and Disputes

Missouri Court Enjoins Missouri’s Anti-ESG Rules for Financial Advisers

Proskauer - Corporate Defense and Disputes on

A federal district court in Missouri recently enjoined Missouri Securities Division rules that require financial firms and professionals to obtain clients’ signatures on state-prescribed documents before providing advice that...more

Mintz

Federal Court Bars Missouri's Anti-ESG Investment Rules

Mintz on

Yesterday, Judge Bough (W.D. Mo.) issued a decision barring the recent anti-ESG rules Missouri had promulgated that prohibited investment advisers from utilizing ESG factors when making investment decisions (absent written...more

Proskauer - Corporate Defense and Disputes

Missouri Court Denies Dismissal of SIFMA Challenge to Missouri’s Anti-ESG Rules for Financial Advisers

Proskauer - Corporate Defense and Disputes on

A federal district court in Missouri recently denied a motion to dismiss the Securities Industry and Financial Markets Association’s (“SIFMA’s”) challenge to Missouri Securities Division rules that require financial firms and...more

Burr & Forman

New Front in ESG Wars: Securities Industry Sues Missouri

Burr & Forman on

On August 10, 2023, the Securities Industry and Financial Markets Association (“SIFMA”) – a leading Wall Street industry association – filed suit to enjoin new Missouri regulations requiring investment advisors (“IA’s”) and...more

Proskauer - Employee Benefits & Executive...

What Happens Abroad, Apparently Does Not Stay Abroad – DOL Revokes Trump Administration Guidance That Provided Relief to QPAMs for...

Proskauer - Employee Benefits & Executive... on

On November 3, 2020, the U.S. Department of Labor’s Office of the Solicitor of Labor (the “DOL”) issued an opinion letter (the “2020 Letter”) to the Securities Industry and Financial Markets Association (“SIFMA”) stating that...more

Groom Law Group, Chartered

DOL Opines That Foreign Criminal Convictions Are Not Fatal Under QPAM Exemption

Groom Law Group, Chartered on

On November 3, 2020, the Department of Labor’s Office of the Solicitor of Labor (the “DOL”) issued to the Securities Industry and Financial Markets Association (“SIFMA”) an opinion letter (the “Solicitor’s Letter”) in...more

Morgan Lewis

Fifth Circuit Vacates DOL Fiduciary Rule ‘In Toto’

Morgan Lewis on

What does this mean, and what should financial institutions do now? In a 2-1 decision, the US Court of Appeals for the Fifth Circuit struck down the US Department of Labor’s (DOL) fiduciary rule, deciding in favor of a...more

Latham & Watkins LLP

US Department of Labor’s Fiduciary Rule Introduces a Brave New World

Latham & Watkins LLP on

Final rule reflects some concessions, but its broad scope and compliance costs will cause financial services advisers to re-evaluate their business models. On April 6, 2016, the US Department of Labor (the DOL) released...more

Bradley Arant Boult Cummings LLP

The Department of Labor Releases its Final Fiduciary Rule

Bradley Arant Boult Cummings LLP on

The White House recently announced the Department of Labor’s (DOL) highly anticipated final fiduciary/conflict of interest rule and exemptions intended to ensure that retirement savers get investment advice in their best...more

K&L Gates LLP

Heard at the 2016 SIFMA Conference

K&L Gates LLP on

Recently, attorneys from K&L Gates’ Government Enforcement practice group attended the Securities Industry and Financial Markets Association’s (“SIFMA”) Compliance and Legal Society Annual Seminar. We wanted to share with you...more

Burr & Forman

Concerns Mount over Department of Labor’s Proposed Fiduciary Rule

Burr & Forman on

The Department of Labor (“DOL”) released a controversial proposed rule on April 20, 2015, that seeks to expand fiduciary duties in the context of retirement-investment advice. Specifically, the proposed rule would rework a...more

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