Compliance

The Securities and Exchange Commission (SEC) said Wachovia agreed to a preliminary settlement of $9 billion.

In a Nationwide case, a judge rules that fiduciaries can bring contribution and indemnification claims against co-fiduciaries under ERISA.

JPMorgan and Morgan Stanley settled lawsuits Thursday, while UBS was slapped with another one from New Hampshire regulators.

The Internal Revenue Service (IRS) released an in-depth rewrite of its correction programs for retirement plan sponsors who have not complied with tax laws for a period of...

A federal judge today granted final approval to Citigroup Inc.'s $33 million settlement to resolve a gender bias lawsuit against its Smith Barney unit, Reuters reports.

Fifth Third Bancorp has joined the ranks of plan sponsors hit with a participant stock-drop lawsuit.

UBS today announced a comprehensive settlement, in principle, for all clients holding auction-rate securities (ARS), for an estimated cost of $900 million.

Like most of you, I have found the soaring price of gasoline to be enormously frustrating.

The Massachusetts Secretary of the Commonwealth has charged Merrill Lynch&Co. with fraud over charges it marketed auction-rate securities while not accurately disclosing the potential market risks.

TIAA-CREF has agreed to pull a controversial ad urging federal employees to roll over their assets, but Fidelity refusals to halt a similar ad.

The U.S. Department of Labor (DoL) and the U.S. Securities and Exchange Commission (SEC) signed a memorandum of understanding pledging to continue sharing information about retirement plan investments.

Holzer Holzer&Fistel, LLC, is investigating possible violations of the Employee Retirement Income Security Act (ERISA) related to UBS AG's 401(k) plan.

UBS reportedly suspended its head of fixed-income as state and federal investigations heated up into sales and marketing practices related to auction-rate securities by UBS and other Wall...

Last week, the Department of Labor’s Employee Benefits Security Administration (EBSA) released its much-anticipated proposal regarding participant fee disclosures.

A woman accused of persuading Chrysler auto workers to take bogus hardship withdrawals from their 401(k) accounts has been convicted, the Associated Press reported.

New York Attorney General Andrew Cuomo filed a lawsuit against UBS AG over its role in the sale of auction-rate securities, Bloomberg reported.

Federal regulators on Tuesday unveiled the long-awaited final portion of their three-part plan disclosures regulatory package that calls for sponsors of employee-directed plans to supply participants with basic...

The 1st U.S. Circuit Court of Appeals became the latest federal appellate court to decide that former employees who allege that fiduciary breaches reduced their lump-sum distributions from...

In response to participant allegations, Wal-Mart said ERISA doesn’t require fiduciaries to select the cheapest option.

A House Committee approved a measure to auto enroll new federal workers in the Thrift Savings Plan with a 3% deferral.