Compliance

New York Attorney General Andrew Cuomo filed a lawsuit against UBS AG over its role in the sale of auction-rate securities, Bloomberg reported.

Federal regulators on Tuesday unveiled the long-awaited final portion of their three-part plan disclosures regulatory package that calls for sponsors of employee-directed plans to supply participants with basic...

The 1st U.S. Circuit Court of Appeals became the latest federal appellate court to decide that former employees who allege that fiduciary breaches reduced their lump-sum distributions from...

In response to participant allegations, Wal-Mart said ERISA doesn’t require fiduciaries to select the cheapest option.

A House Committee approved a measure to auto enroll new federal workers in the Thrift Savings Plan with a 3% deferral.

Class action law firm Keller Rohrback kicked off an investigation of allegations that IndyMac Bancorp executives breached their fiduciary duties by keeping company stock in their 401(k) plan...

The Investment Company Institute (ICI) urged the Department of Labor (DoL) to provide workers and retirees with more access to advice and education about managing assets and income...

The Internal Revenue Service issued proposed regulations for corporations that issue statutory stock options.

Two U.S. Senators have announced a legislative proposal to ban debit cards linked to 401(k) plans.

A court ordered that a Dublin, Ohio-based 401(k) plan be distributed to ex-employees.

The DoL issued frequently asked questions (FAQs) yesterday to help navigate fee disclosure requirements for 2009.

Federal regulators released additional guidance about rules for reporting service provider fees and compensation on Schedule C of Form 5500 for plan years beginning on or after January...

Participants claim NovaStar’s 401(k) plan was imprudently invested because of the company's alleged sub-prime mortgage lending practices.

In a continuation of a recent trend of federal courts throwing aside cash balance plan challenges, a federal appellate court has cleared two more sponsors of wrongdoing.

A district court ruled that the Dell Inc. 401(k) Plan did not violate fiduciary duties by allowing more than half of the assets to be invested in company...

A former UBS broker filed a lawsuit against the firm, alleging it forced him to resign for cooperating with regulators, the Boston Globe reported.

The Senate last week introduced a bill to protect seniors from investment fraud.

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.