Compliance

Banc of America Securities and its broker/dealer arm will return more than $3 billion to investors in California to settle alleged violations of the sales of auction-rate securities...

Bipartisan legislation has been introduced to give workers a new incentive to annuitize, rather than spend, their retirement savings.

The deadline for comments on the Internal Revenue Service’s proposal for a 403(b) plan document prototype program was June 1, and trade groups and industry providers had a...

The owner of defunct Concord, North Carolina, sign firm has been ordered by a federal judge to pay $57,089 to the company’s 401(k) and health plans.

The Securities and Exchange Commission (SEC) on Monday charged Boston-based Evergreen Investment Management Company with securities law violations for overstating the value of a mutual fund that invested...

The Securities and Exchange Commission (SEC) appears to have a lot on its agenda.

The Securities and Exchange Commission (SEC) said it finalized settlements with Bank of America, RBC Capital Markets, and Deutsche Bank over charges that the firms misled investors regarding...

What are the regulatory issues to watch right now?

The SPARK Institute submitted a comment letter to the Internal Revenue Service (IRS) commending it on the proposed 403(b) plans prototype program, and requesting changes that it says...

Mary Schapiro, Securities and Exchange Commission (SEC) chairman, told the Senate Appropriations Committee’s Subcommittee on Financial Services and General Government today that she has asked the SEC staff...

Class-action law firm Keller Rohrback L.L.P on Tuesday announced the settlement of a 2006 challenge to the JPMorgan cash balance plan.

The repayment of a 401(k) loan may be a real debt obligation, but it’s not a “necessary expense″ for bankruptcy purposes, according to a recent court decision.

The Milberg law firm announced an investigation into possible violations of the Employee Retirement Income Security Act (ERISA) by Popular Inc. U.S.A., a San Juan, Puerto Rico-based financial...

The Advisory Council on Employee Welfare and Pension Benefit Plans (also known as the ERISA Advisory Council) will meet June 11 in Washington.

The Internal Revenue Service (IRS) has, in Notice 2009-48, set limits on expenses for employer-owned life insurance that policyholders can deduct from their gross income.

The U.S. Department of Labor (DoL) and the Securities and Exchange Commission (SEC) plan to look into how target-date fund managers determine the asset allocation of target-date funds,...

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) said the final rule about investment advice under the Pension Protection Act will be extended to November 18.

The Obama administration might call for stripping the Securities and Exchange Commission (SEC) of some of its powers.

Lawyers representing plaintiffs alleging a fiduciary breach in the operation of the RadioShack 401(k) have asked a federal judge to certify the suit as a class action.

The Internal Revenue Service proposed rules that would permit employers affected by substantial business hardship to decide mid-year to reduce or suspend non-elective contributions to safe harbor 401(k)...