Compliance

More details emerged Monday about the federal government’s plan to shore up U.S. money market funds so they can maintain their traditional $1 per share net asset value.

Another court ruled that participants who have cashed our of their defined contribution plan can still pursue fiduciary breach lawsuits.

In an effort to boost investor confidence in the face of a market crisis, federal securities regulators took the dramatic step Friday of temporarily haulting short-selling in nearly...

A federal regulator on Wednesday urged U.S. Senate lawmakers not to interfere with the U.S. Department of Labor’s (DoL) regulatory scheme for retirement plan fees through additional legislation.

The Internal Revenue Service (IRS) on Wednesday announced it had decided to relax previously announced restrictions on how the agency would issue opinion and advisory letters for pre-approved...

A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its individual retirement account (IRA) rules so more people can take advantage of the tax-sheltered savings...

The New York state attorney general’s office is close to reaching a settlement with brokerage firm Fidelity Investments over its marketing of auction-rate securities (ARS), The New York...

A Pittsburgh law firm is investigating stock drop concerns at a 401(k) plan sponsored by Morgan Keegan, a Memphis-based investment bank.

A New Jersey appellate court affirmed dismissal of fraud charges against advisers who recommended that a firm join a multiemployer welfare benefit plan.

The ERISA Industry Committee (ERIC), Investiment Company Institute (ICI), and the SPARK Institute all gave the Department of Labor (DoL) opinions on its recent fee disclosure proposal.

Faced with overseeing a class action lawsuit that could have represented as many as 57,000 401(k) plans at the Principal Financial Group, a federal judge in Iowa has...

A federal judge said a Verizon benefits committee improperly handled an error in the plan document by ignoring it.

Last week, the Department of Labor took another step toward finishing another piece of unfinished business.

The Staples office supply company has been cleared of wrongdoing in refusing to allow an ex-employee the right to exercise his stock options after he was fired for...

Two proposed regulations released Thursday from the Department of Labor (DoL) include a model for advisers to satisfy the fee disclosure requirement for independent retirement account (IRA) and...

In a continuing trend of federal court rulings backing cash balance plans, the 9th U.S. Circuit Court of Appeals has ruled the plans do not discriminate against older...

A Massachusetts plumbing and air conditioning supply company sued State Street over allegations it misrepresented a bond fund ultimately invested in mortgage-backed securities as a low-risk 401(k) investment...

Putnam Investment Management, LLC, will pay the first distribution of $40 million to compensate its mutual fund investors affected by undisclosed market timing and excessive short-term trading.

The Municipal Securities Rulemaking Board (MSRB) said it revised its exam for 529 college savings plan dealers.

The GAO says plan service providers—including advisers—should better disclose fiduciary and fee agreements.