Compliance

It didn’t take long for the news from Bear Stearns to draw the attention of the plaintiffs’ bar.

A federal judge in Pennsylvania has approved a $14 million settlement of a nine-year legal battle over allegations New York Life Insurance Co. improperly directed employees’ and agents’...

California’s Attorney General and Capital Research and Management Company, the investment adviser to the American Funds family of mutual funds, have entered into an agreement to withdraw their...

While it’s been a relatively mild winter here (and it’s not over yet), it’s been cold enough—and our house old enough—that opening the various utility bills has been...

The Internal Revenue Service (IRS) has issued new guidance regarding three areas of plan administration changed by the Pension Protection Act of 2006 (PPA).

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...