The DOL's Employee Benefits Security Administration provided new guidance for plan sponsors, fiduciaries, participants and record-keepers concerning best practices for managing cybersecurity.
SIFMA President and CEO Kenneth Bentsen briefly outlined initiatives that will remain a priority for SIFMA.
At SIFMA's 2015 Leaders and Experts Forum, industry leaders provided their perspective on the rest of the year's regulatory and enforcement initiatives for compliance and legal professionals. SIFMA Executive Vice President and General Counsel Ira Hammerman delivered the opening remarks, which highlighted recent and upcoming regulatory and enforcement initiatives. Mr. Hammerman commented on the reproposal by the Department of Labor ("DOL") of its "conflicts of interest" rule. If "done improperly," he said, the rule could hurt investors saving for retirement and "make the process that much more