- Industry & Regulatory News
- Industry & Regulatory News
Industry & Regulatory News
Industry & Regulatory News
Hardship Distributions May Be Permitted for Vermont Severe Storm and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 20, 2023, for severe storm and flooding in Vermont, for the incident period of December 22, 2022, to December 24, 2022.
Industry & Regulatory News
DOL Reopens Comment Period on Proposed QPAM Exemption
The Department of Labor (DOL) has reopened the comment period for receiving written comments related to prohibited transaction class exemption 84-14 (the Proposed QPAM Amendment) to April 6, 2023.
Industry & Regulatory News
IRS Intends to Issue Guidance on Certain NFTs as Collectibles
The IRS has issued Notice 2023-27, announcing their intent to issue guidance related to the treatment of certain nonfungible tokens (NFTs) as collectibles under Internal Revenue Code Section (IRC Sec.) 408(m).
Industry & Regulatory News
Biden Vetoes Resolution Disapproving DOL ESG Rule
As expected, President Biden has vetoed H.J. 30, a resolution for congressional disapproval of the Department of Labor’s rule “Prudence and Loyalty in Selecting Plan Investments and Exercising Shareholder Rights.”
Industry & Regulatory News
IRS Announces Deadline Relief for California Severe Storms, Flooding and Landslides
The IRS has announced the postponement of certain tax-related deadlines for victims of severe storms, flooding, and landslides in California.
Industry & Regulatory News
IRS Posts Wellness Expense Reimbursement FAQs
The IRS has posted a series of frequently asked questions addressing whether certain costs related to nutrition, wellness, and general health are medical expenses under Internal Revenue Code Section 213 that may be paid or reimbursed under a health savings account, health flexible spending arrangement, Archer medical savings account, or health reimbursement arrangement.
Industry & Regulatory News
Hardship Distributions May Be Permitted for New Hampshire Severe Storm and Flooding
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 15, 2023, for severe winter storm and flooding in New Hampshire, for the incident period of December 22, 2022, to December 25, 2022.
Industry & Regulatory News
Hardship Distributions May Be Permitted for New York Severe Winter Storm
The Federal Emergency Management Agency (FEMA) issued a disaster declaration on March 15, 2023, for severe winter storm and snowstorm in New York, for the incident period of December 23, 2022, to December 28, 2022.
Industry & Regulatory News
IRS Announces Applicable Federal Rates for April 2023
The IRS has issued Revenue Ruling 2023-06, which contains the applicable federal rates (AFR) for April 2023.
Industry & Regulatory News
SEC Proposes Additional Requirements to Protect Consumer Financial Information
The Securities and Exchange Commission has proposed additional requirements for broker-dealers, investment companies, registered investment advisers and transfer agents (“covered institutions”) aimed at further protecting the privacy of consumer financial information.