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ISERs reports quarterly gains; board directs staff to sign on to SEC letter opposing arbitration rule change
Summary
The retirement administrator reported positive returns for the quarter and discussed private‑market movements; trustees directed staff to proceed with a letter opposing a recent SEC policy allowing companies to require individual arbitration for securities claims.
The retirement administrator reported that ISERs ended the quarter with positive returns and that most public‑market sectors produced gains, then the board gave staff direction to sign a letter urging the Securities and Exchange Commission to reconsider a recent change that allows companies to sell securities even when corporate charters require individual arbitration of securities claims.
In a market update, the retirement administrator said U.S. equities posted gains in September, citing a 3.68% increase for the S&P 500, and that ISERs’ portfolio returned 3.93 for the quarter. He…
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