Compliance

The Securities and Exchange Commission (SEC) approved a rule that mandates hedge fund and private equity managers to register with the agency and be subject to unannounced examinations.

A federal indictment unsealed this week in the District of Minnesota alleges that a 62-year-old New Prague, Minnesota man embezzled approximately $642,166 from his company’s employee benefit...

The widow of a participant in Diebold Inc.'s supplemental executive retirement plan (SERP) did not meet the plan’s definition of “spouse,” so she was not entitled to her...

There has reportedly been a settlement reached in a lawsuit alleging that the bank’s Merrill Lynch unit discriminated against women,

The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) announced a series of enforcement actions to protect more than $7 million for workers in retirement plans or...

Merrill Lynch had accused Morgan Stanley of poaching a team of its brokers–a team that had handled $215 million in client assets.

A settlement of $4.5 million has been preliminarily approved by a federal court in a consolidated class action lawsuit against Diebold, Incorporated.

Speaking at the Security Industry and Financial Markets Association’s (SIFMA) annual meeting earlier this week, Senator Chris Dodd (D-Connecticut) attempted to explain the Dodd-Frank act to a skeptical...

The U.S. District Court for the Southern District of New York ruled in favor of an employer sued for its use of a year-old stock valuation when making...

A retirement industry trade group says that a proposal in the Deficit Reduction Commission Proposals could eliminate 401(k) plans.

As Published by...

Lawyers representing Labor Secretary Hilda L. Solis have asked the 9th Circuit to overturn a three-judge panel's decision embracing the “presumption of prudence” standard often seen in employer...

The Financial Industry Regulatory Authority (FINRA) fined Goldman Sachs $650,000 for failing to disclose that two of its registered representatives had received Securities and Exchange Commission (SEC) Wells...

Mary Schapiro, Chairman of the U.S. Securities and Exchange Commission (SEC), said by not regulating markets more aggressively, the SEC didn’t protect investors as well as it should...

The former CEO of Leading Technology Services Corp. (LTS) was sentenced to prison and ordered to provide $57k in restitution to the company’s 401(k) plan participants.

Charles Schwab notified counsel for the plaintiffs in a consolidated class action lawsuit relating to the Schwab YieldPlus Fund that it is invoking the termination provisions of the...

C&K Market Inc. agreed to restore $3 million in cash plus interest and to sell property in order to make restitution for a series of imprudent loans made...

The mutual fund trade industry’s voice has weighed in on the 12b-1 debate – and, as might be expected, they aren’t keen on some of...

Looking for insights on those new hybrid plan regulations?

When it comes to employee benefit plans, the Internal Revenue Service (IRS) has laid out its work plan for next year.