Declaration of Independence
“Can you be more specific?” Embarrassing, but true: the retirement industry is asking that of the US government. The definition of a Fiduciary needs to be more specific because of cases where Plan Sponsors are legally charged unreasonable fees for a long time, but the Department of Labor’s interpretation is undesirable to Wall Street. Of […]
Coming Up: Recently Announced Money Market Reform
Friday, August 15, Michele Suriano (President of Castle Rock Investment Company) and I spoke with an industry insider and expert about the recently adopted SEC money market funds reforms. We covered the following key subjects: Floating Net Asset Value Redemption fees (discretionary and default) Discretionary redemption restrictions Disclosures to retirement plan participants Definition of “retail” MMFs […]