Spending Bill Rider Will Trap Investors Under Piles of Paper By Paul Schott Stevens (As published on TheHill.com, February 9, 2018) Most Americans today go online to get news, shop for a wide range of items, book travel, connect with far-flung friends and family, and manage their...
Labor Ought to Execute the President’s Policy (As published in The Wall Street Journal, April 25, 2017) Regrettably, the Department of Labor’s fiduciary rule-making has always been driven more by politics than impartial scrutiny of the investment-advice marketplace (“ Labor Department...
For T+2, It’s All Systems Go By Michael Bodson, Kenneth E. Bentsen Jr., and Paul Schott Stevens (As published in Traders Magazine Online News , April 14, 2017) US market participants and investors have reason to cheer, as the Securities and Exchange Commission (SEC) adopted a rule...
SEC Chair Nominee Can Champion the Critical Role of Investment Funds By Paul Schott Stevens (As published on TheHill.com, April 4, 2017) Despite a steady decline in unemployment, growth in gross domestic product (GDP) remains sluggish—dramatically sluggish by comparison to other...
Senate Must Scrap Obama's Unsound Retirement Rule Exemption By Paul Schott Stevens (As published on TheHill.com, March 22, 2017) The current Congress has great opportunities to strengthen our retirement system by expanding access to workplace retirement plans. First, however, it has...
Congress Must Restore Protections for State-Run Retirement Plans By Paul Schott Stevens (As published in Morning Consult, March 7, 2017) Unless Congress acts, millions of private-sector workers could lose vital consumer protections if they are automatically enrolled in questionable...
Letter to the Editor, Financial Times: ETFs Are Convenient, Safe and Cheap Already (As published in the Financial Times, December 22, 2016) Sir: The FT says exchange traded funds (ETFs) should strive to offer convenience, security, and low costs (“ Monitor ETFs to stay simple, safe...
Pensions Innovation Comes to China By Qimei Yang (As published in Funds Europe, 8 November, 2016) Many countries are committed to helping their citizens build adequate resources to live dignified lives in their older years, and pay-as-you-go public pension programmes have been the...
Enough Already. Money Market Funds Aren't Shadow Banks By Paul Schott Stevens (As published in American Banker, October 17, 2016) In July 2014, the U.S. Securities and Exchange Commission enacted sweeping new rules for money market funds, setting an aggressive implementation deadline...
Pennsylvania Wants Your Retirement Account By Tamara K. Salmon (As published in the Pittsburg Post-Gazette, September 18, 2016) In July, Pennsylvania legislators made a quiet change to a law and put your retirement savings at risk. Few people know how this law works—but the danger to...
