Compliance

Two trade groups have applauded the U.S. Department of Labor’s proposed redefinition of a fiduciary, but suggested a handful of improvements.

A federal judge in Texas gave final approval to a $2.4-million settlement of a class-action suit against RadioShack for breaching its fiduciary duty.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) delayed the implementation of its new 408(b)(2) fee disclosure rules by six months.

Sponsors applying to the Internal Revenue Services' (IRS) Voluntary Correction Program (VCP) may be able to save some money in the process.

The U.S. Department of Labor obtained a consent judgment ordering Arkion Life Sciences to restore $193,795 in restitution and interest to the company's 401(k) plan.

JPMorgan Chase & Co accused the trustee seeking $6.4 billion for victims of Bernard Madoff's Ponzi scheme of exceeding his authority by suing in bankruptcy court, where a...

The Trustee for the liquidation of Bernard L. Madoff Investment Securities LLC (BLMIS) has announced that his complaint against JPMorgan Chase & Co., JPMorgan Chase Bank, N.A., J.P....

Three U.S. Senators introduced a bill that would require an annual statement to be sent to retirement plan participants, similar to the one sent by the Social Security...

Witnesses appearing before the U.S. Senate Committee on Health, Education, Labor and Pensions (HELP) Thursday told lawmakers that while the retirement income sufficiency issue in the U.S. is...

The Securities Industry and Financial Markets Association (SIFMA) has asked the Department of Labor (DoL) to reconsider its proposed rule that would redefine the term “fiduciary” under the...

The ERISA Industry Committee (ERIC) warned the Department of Labor (DoL) about the unintended consequences that can result from broadening the definition of fiduciary.

The Securities and Exchange Commission (SEC) has charged TD Ameritrade for failing to reasonably supervise its registered representatives, some of whom misled customers when selling shares of the...

The Securities and Exchange Commission (SEC) has charged three AXA Rosenberg entities with securities fraud that led to $217 million in investor losses. 

The SPARK Institute is urging Employee Benefit Security Administration (EBSA) to take a more restrained approach in changing the definition of advice and fiduciary so that the industry can...

The Senate Health, Education, Labor and Pensions (HELP) Committee scheduled a hearing for Thursday to discuss “what can be done to help Americans save more for retirement.”

In comments to the Department of Labor’s Employee Benefits Security Administration (EBSA), the ESOP Association said mandating valuators of private company stock to be fiduciaries will increase the cost...

A federal appellate court recently issued two rulings in stock-drop cases that may play a critical role for future employer-defendants.

In response to a mandate from the Dodd-Frank Act to investigate investor access to information on broker/dealers (B/Ds) and registered investment advisers (RIAs), the Securities and Exchange Commission...

A federal judge in Pennsylvania approved a $5-million settlement of a Comcast Corp. stock drop class action suit.

A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...