Compliance

Spector Roseman Kodroff&Willis, P.C., filed another class action against Austin Capital Management Ltd. for millions of dollars of losses due to improper investments in securities controlled by Bernard...

A three-judge court of appeals ruled that a federal district court should not have reversed a copyright infringement case brought by broker The Graham Co. against broker USI...

The Keller Rohrback class-action law firm announced Thursday that it is investigating the investment activities of Northern Trust Company (NTC) and Northern Trust Investments (NTI).

U.S. Representative Richard Neal (D-Massachusetts) has introduced legislation that would require administrators of 401(k) plans to provide plan participants with detailed fee and investment disclosures.

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,...