Search results for: SCO
Chubb to Discontinue Contingent Commissions to Agents and Brokers
Chubb Corporation announced on Thursday it will discontinue paying contingent commissions on all insurance lines in the United States beginning in 2007 as part of a settlement agreement...
A Third of Online Investors Flag Year End Gains for Retirement
Nearly one-third (27%) of online investors plan to focus some or all of their end-of-year investment gains on retirement and 22% plan to put them into savings.
Deere Workers Hit Fidelity with Excessive 401(k) Fee Suit
Four Deere&Co. workers have sued Fidelity Investments over charges it levies unreasonable fees to manage the Deere 401(k) plan.
SEC Expected to Ease Fiscal Control Audit Standard for Small Public Companies
A vote by the US Securities and Exchange Commission (SEC) this week is expected to start easing the accounting rules governing how closely small public companies have to...
Court OKs Class Action in Aon 401(k) Company Stock Suit
A federal judge in Chicago has certified as a class action a lawsuit against Aon Corp. over allegations 401(k) participants lost ten of millions of dollars when its...
Appellate Court Rules Options Taxable When Exercised
In the first time it has considered the issue, a federal appeals court has ruled that an employee's nonqualified stock options from his employer became taxable when the...
Clark Capital Unveils 401(k) Managed Accounts
Clark Capital Management Group, a Philadelphia-based investment adviser, has announced its Navigator investment platform is available for implementation in 401(k) plans.
NASD Fines Jefferies $5.5M for ‘Improper Gifts’ to Fidelity Traders
The NASD announced Monday it has slapped Jefferies&Company with a $5.5-million fine for providing “improper gifts and entertainment″ to Fidelity stock traders.
A.G. Edwards Excessive 401(k) Fee Suit Passes First Hurdle
A federal judge has cleared the way for a former employee of A.G. Edwards to continue pressing forward with his Employee Retirement Income Security Act (ERISA) fiduciary breach...
DoL Says Stock Windfall Belongs to Participants
The Department of Labor (DoL) announced it is suing the Iowa Association of Business and Industry over a stock windfall that the organization retained rather than turn over...
Panel Says "Flaw-ridden" DC Model Needs Help
Current trends are leading to an emerging generation of longer-working individuals forced to become personal
Active Managers Continue to Lag Passive Indices
The latest Standard & Poor's Indices Versus Active Funds Scorecard (SPIVA) results revealed the S&P 500 outperformed 80.3% of actively managed large-cap funds during the third quarter of...