Compliance

The New Jersey Supreme Court approved Smith Barney’s employee stock-purchase compensation plans that carry forfeiture provisions if participants quit before fully vesting.

The CEO of EBRI testified to the Committee on Ways and Means that IRAs are an important part of the retirement landscape.

Massachusetts authorities sued two subsidiaries of Swiss bank UBS AG, alleging they misled investors about the safety of auction-rate securities.

The law firm of Stember Feinstein Doyle&Payne, LLC , has turned its watchful eye to possible fiduciary misconduct at Fifth Third.

In an effort to protect seniors from investment fraud, the U.S. Securities and Exchange Commission (SEC) proposed a new rule that would extend its jurisdiction to equity-indexed annuities.

Employee benefits provider UNUM Group will pay $5.5 million in fines and penalties for violations under ERISA.

Two former Bear Stearns hedge fund managers were arrested Thursday and indicted on conspiracy and fraud counts.

The law firms of Milberg LLC and Liner Yankelevitz Sunshine&Regenstreif LLP separately announced they are investigating possible Employee Retirement Income Security Act (ERISA) violations by fiduciaries of the...

A federal appellate court ruled that employees don’t lose the right to pursue individual claims when they cash out their plan balances.

Beginning June 21, you will have to show identification to get past the security checkpoint at airports.

A law firm investigates whether conduct of fiduciaries to the Wachovia Savings Plan violated ERISA by not disclosing the risk of company stocks in light of the sub-prime...

A federal court ruled that mutual fund adviser fees are best set by market competition and not judicial process.

The SEC proposed a rule requiring mutual funds to label their public files in order to enable investor comparison shopping.

Three trade groups have leaped into the fray over excessive fees in the Deere&Co. 401(k) plan, contending that allowing the suit to continue could support excessive fee litigation.

A lawsuit filed in Marshall County, West Virginia, claims public school personnel were duped into moving from the old Teachers’ Retirement System (TRS) into a new Teachers’ Defined...

A 10th U.S. Circuit Bankruptcy Appellate Panel upheld a lower court ruling that the proceeds of debtor’s rolled over benefits from an employee stock ownership plan (ESOP) are...

A U.S. district court rejected the attempt by an employee stock ownership plan (ESOP) participant to revive her fiduciary breach case based on the recent U.S. Supreme Court...

An annual study by Sutherland Asbill&Brennan LLP found that broker/dealers are often more successful than individuals in hearing panels against the Financial Industry Regulatory Authority (FINRA).

Last week, the Connecticut legislature didn’t get around to voting on a bill that would have effectively set up a state-sponsored 401(k) plan for small businesses.

UBS Financial Services Inc. reached an agreement with Massachusetts Attorney General Martha Coakley to return $37 million to 17 cities and towns, as well as to the Massachusetts...