The Financial Industry Regulatory Authority (FINRA) has fined Nuveen Investments, LLC, $3 million for creating misleading marketing materials used in sales of auction rate preferred securities (ARPS).
The U.S. Department of Labor's Employee Benefits Security Administration (EBSA) is hosting a workshop on how to correct certain fiduciary violations under the Employee Retirement Income Security Act (ERISA).
A federal appeals court has ruled that UMB Bank is not responsible for losses to retirement plan accounts from investments directed by participants’ investment adviser.
The National Association of Government Defined Contribution Administrators has published an Issue Brochure explaining rules regarding newly-allowed Roth contributions to 457 plans.
The ERISA Industry Committee (ERIC) and other groups are urging a federal appellate court to rehear a case which found fiduciaries at Kraft Foods may have breached their...
Workers will be limited in tapping their 401(k) retirement plans for loans under legislation introduced by Senators Herb Kohl (D-WI) and Mike Enzi (R-WY).
The U.S. Supreme Court sent back a lower court decision that ordered CIGNA Corp. to reform its cash balance plan in awarding relief to participants on a conversion...
The Securities and Exchange Commission (SEC) last week proposed raising certain dollar thresholds that would need to be met before investment advisers can charge their clients performance fees.
A former Merrill Lynch branch manager has accused the firm of discriminating against him for being a member of the Church of Jesus Christ of Latter-Day Saints.
The U.S. District Court for the Southern District of New York has ruled that a whistleblower need not personally contact the Securities and Exchange Commission to claim retaliation...
A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a 401(k) investment option when it...
Motorola 401(k) Profit-Sharing Plan participants are excluded from the class specified in a securities lawsuit brought against the company, so they cannot share in the settlement of that...
A court approved a $3 million settlement of a case accusing PFF Bancorp Inc of continuing to purchase and invest in company stock for its 401(k) plan and...
A federal court has granted retirement plan benefits of a deceased participant to his spouse, even though he had listed his children as beneficiaries on the plan’s designation...
The ERISA Industry Committee (ERIC) urged the Treasury Department to be more responsive to easing the regulatory burden on sponsors of benefit plans in order to ensure that...
The Government Accountability Office contends that the shift away from defined benefit retirement plans to more defined contribution plans has resulted in disproportionate benefits for American workers.