Scott+Scott Announces BP 401(k) Plan Investigation
Another law firm has launched an investigation into possible violations of the Employee Retirement Income Security Act by BP PLC and fiduciaries of the its Employee Savings Plan.
Compliance
Emerson Poynter LLP Probes BP Plan Practices
Yet another law firm is poking around to see if there might be a fiduciary breach at the BP 401(k) plan.
Broker Fined for Manipulating Oil Prices
Britain's financial regulator has fined and banned a former broker for manipulating oil prices by buying more than seven million barrels while on a drinking binge.
SEC Adopts Pay to Play Curbs
The Securities and Exchange Commission (SEC) has approved new rules regulating pay to play practices by investment advisers at public pension plans and other government investment accounts.
Canadian Couple Charged with Tweet-touting Fraudulent Penny Stocks
The Securities and Exchange Commission (SEC) has obtained an emergency asset freeze against two Canadians who advertised fraudulent penny stocks online.
FL Woman Sues BP Over 401(k) Stock Losses
A Florida woman who invested in the company stock option in BP’s 401(k) plan has sued the company and State Street Bank & Trust.
Legislation Pending to Permit 401(k) Rollovers to Roths
A new Senate proposal would allow certain employees to roll over amounts from their (401)k retirement plans to a Roth savings account.
Fiduciary Breach Case Filed Too Late
A federal appellate court has ruled that a woman who sued over allegations of a fiduciary breach in connection with her deceased husband’s individual retirement account filed the...
Feature: Down, but Not Out
Populist pressures weigh on nonqualified deferred compensation programs.
High Court Revives Janus Market-Timing Suit
The U.S. Supreme Court on Monday agreed to review a lower court ruling that revived a securities class-action lawsuit against Janus Capital Group Inc, Dow Jones reports.
Financial Services Reform Compromise Reached
Last week, members of the House and Senate conference committee announced that they had reached a compromise on the financial services reform bill.
Lanier Law Firm Investigating BP 401(k)
The Lanier Law Firm is investigating possible legal claims related to a 401(k) retirement plan for U.S. employees of BP.
Financial Services Reform Compromise Reached
Last week, members of the House and Senate conference committee announced that they had reached a compromise on the new financial services reform bill.
SPD Language Not a Valid Plan Terms Change
A federal appellate court has ruled that a summary plan description (SPD) could not unilaterally grant a benefit plan administrator the right to make benefit eligibility decisions without...