Tag: prohibited transactions

House Republicans’ remarks on ‘predatory’ prohibited transaction claims came shortly after SEC Chairman Paul Atkins pushed for deregulation at the...

Fidelity is accused of creating a conflict of interest by having its affiliates serve as trustee and investment advisers to...

A district judge in New York will decide the next steps in the case alleging excessive recordkeeping fees in Cornell...

The Missouri law firm is accused of diverting retirement plan contributions to pay company operating expenses.

The government contractors are facing excessive-fee allegations, but a federal judge dismissed complaints about their improper use of forfeitures.

The justices did not comment on the case, which centered on prohibited transactions under the Employee Retirement Income Security Act,...

The District Court judge cited broad indexes as the appropriate benchmarks for plan TDFs in a ruling expected to be...

The changes are intended to reduce the amount of time needed to finalize prohibited transaction exemptions for plan fiduciaries.

The proposals would apply fiduciary status to one-time investment recommendations such as rollovers and annuity sales.

The rule is expected to broaden when investment advice is considered fiduciary advice under ERISA.

Given the appellate court’s ruling, the district court found no ‘single policy’ affecting all putative class participants from Washington University...

The Department of Labor has extended the public comment period for a program that would allow fiduciaries to self-correct for...

The Labor Department’s proposed amendment to a widely utilized prohibited transaction exemption is meant to ensure the exemption continues to...

A recent court case demonstrates why owners of self-directed IRAs should be careful about their investment strategies and asset classes—and...

The firm is experiencing a surge in B/Ds and RIAs requesting assistance with the new rule as the enforcement date approaches.