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Gulf Oil 401(k) Suits Spill Over to Anadarko
Stull, Stull & Brody has started an investigation relating to the 401(k) defined contribution retirement plans of Anadarko Petroleum Corporation.
Allianz Names Leader of Market Management
Allianz Life Insurance Company of North America has named Jeannee Hoppe as the new senior director of Market Management and Product Innovation.
Money Can’t Buy Happiness (but it can help)
Recent research reveals that while life satisfaction usually rises with income, day-to-day happiness comes from other things.
Solis Makes the Case For Change in Stock Drop Case Law
Lawyers representing U.S. Department of Labor Secretary Hilda L. Solis have argued that the holding of company stock in a defined contribution plan is not entitled to a presumption of prudence.
4th Circuit Upholds Award of Benefits, Attorneys’ Fees in LTD Case
Relying on U.S. Supreme Court precedents, a federal appellate court has affirmed the award of benefits and attorneys’ fees to a long-term disability plan participant.
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.
S&P Unveils CDS Indexes
Standard & Poor's has launched a series of credit default swap sector indexes.
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.
The Retirement Advantage Adds Three to Wholesale Team
The Retirement Advantage, Inc. (TRA) announced the addition of Brenda Brumm and Jay Bloom to its wholesale team.
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.
Informa Research Services Releases 2010 U.S. Consumer Wealth Study
Informa Research Services has released a report that examines U.S. household asset allocation and preferences.
Fidelity Remakes Environmental Fund
Fidelity Investments has announced it has restructured its 20‐year‐old Select Environmental Portfolio to increase exposure to faster growing industries, such as alternative energy and energy efficiency, while reducing...
Transamerica Offers TPA Education
Transamerica Retirement Services recently launched two new resources to help third party administrators build and expand their own retirement plan business.
Roth Expansion Drives Increase in IRA Contributions
Fidelity Investments said it experienced significant year-over-year increases in IRA contributions and new account openings for Traditional, Roth and Rollover IRA accounts during the first four months of...
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.
What’s in a (Pet) Name?
Turns out that when it comes to pet names, the answer to that question is puns, pop culture references - and a little bit of...
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.