Compliance

The Securities and Exchange Commission (SEC) announced that Fidelity Investments agreed to pay an $8 million penalty in connection with charges 13 current or former employees improperly took...

The Securities and Exchange Commission (SEC) has proposed two new rules under the Investment Company Act to allow exchange-traded funds (ETFs) to operate without first getting SEC exemptive...

If you watch commercial TV (that is to say, TV with commercials), you’ve no doubt been struck by the proliferation of ads for various prescription medicines.

A new lawsuit has accused a group of insurance companies, consultants, and lawyers of conspiring to sell illegal tax shelters to employers for 412(i) plans by misrepresenting the...

Federal benefit regulators have proposed a new safe harbor for sponsors of smaller benefit plans that deposit employee contributions within seven business days.

FINRA (the Financial Industry Regulatory Authority) announced it has settled cases against five firms for improper mutual fund sales and supervisory violations.

Looks like James LaRue will get his day in court, after all.

The Financial Industry Regulatory Authority (FINRA) announced that Oppenheimer&Co. will pay a $250,000 fine for allegations related to market timing in 2003.

In a landmark ruling eagerly awaited by the retirement services community, the U.S. Supreme Court on Wednesday declared that defined contribution participants can bring fiduciary breach suits to...

The U.S. Supreme Court declined to review a case in which an appellate court determined a profit-sharing plan was not subject to spousal consent requirements of the Employee...

A federal judge in Connecticut has joined with most of his colleagues around the country in ruling on a seven-year-old lawsuit that CIGNA Corp’s cash balance plan is...

A Wisconsin Congressman has proposed a measure increasing small business incentives and reducing administrative requirements to start SIMPLE IRAs or 401(k) plans.

A federal judge in Missouri has determined that the fiduciary breach lawsuit over excessive fees and revenue sharing practices in ABB’s 401(k) plan, filed by the St. Louis-based...

A judge has dismissed a profit-sharing plan participant’s fiduciary breach suit against the plan’s broker because it was filed after the three-year statute of limitations required under the...

Because John Hancock Life Insurance Co. could be judged to have been a fiduciary for a law firm’s 401(k) plan, the plan’s trustee can continue with his fiduciary...

Securities regulators have launched an initiative to identify effective practices used by financial services firms in dealing with senior investors.

The U.S. District Court for the District of Massachusetts recently held that employer W.R. Grace and Co. and State Street Bank and Trust Co. did not breach their...

Lawsuits against State Street Global Advisors (SSgA) over its money management decisions to put client funds in subprime mortgage-related vehicles continue to pile up.

Federal regulators have released new guidance that asserts that a named or functional fiduciary who has authority to appoint a plan’s trustee(s) must make sure the proper party...

New guidance issued by the Treasury Department and the Internal Revenue Service (IRS) provides that cash balance conversions that have filed for an IRS determination letter and occur...