Compliance

Fidelity Investments has announced it will pay more than $42 million to its funds after a report issued by independent trustees of Fidelity’s board said some of its...

Deutsche Asset Management (DeAM) confirmed Thursday that it has settled proceedings with the Securities and Exchange Commission (SEC) and New York Attorney General Eliot Spitzer related to alleged...

Chubb Corporation announced on Thursday it will discontinue paying contingent commissions on all insurance lines in the United States beginning in 2007 as part of a settlement agreement...

The Internal Revenue Service (IRS) and Treasury Department have issued final regulations that provide guidance concerning prohibited allocations and disqualified person requirements under section 409(p) of the Internal...

The sponsor of a 401(k) plan for employees at an Illinois racetrack is suing Principal Financial Group for fiduciary breach over revenue sharing arrangements with mutual funds whose...

In a lawsuit filed earlier this month, New York Attorney General Eliot Spitzer’s office charges UBS Financial Services, Inc. with leading inappropriate clients into its InsightOne brokerage program...

A federal judge in New York has ruled in a lawsuit that Citigroup's cash balance plan is not “age neutral″ in the latest in a long line of...

Prudential Insurance Company of America has agreed as part of a lawsuit settlement over the use of contingent commissions that it will now disclose all broker compensation to...

Four Deere&Co. workers have sued Fidelity Investments over charges it levies unreasonable fees to manage the Deere 401(k) plan.

The Internal Revenue Service (IRS) issued Notice 2007-3 containing the 2006 Cumulative List of Changes in Plan Qualification Requirements for plan administrators to consider when submitting a request...

Under an agreement with New York State Attorney General Eliot Spitzer, Prudential Insurance Company of America will eliminate the payment of contingent commissions to brokers on group insurance...

A vote by the US Securities and Exchange Commission (SEC) this week is expected to start easing the accounting rules governing how closely small public companies have to...

Federal pension regulators on Friday announced a series of proposed changes to the 2008 Form 5500.

A federal judge in Chicago has certified as a class action a lawsuit against Aon Corp. over allegations 401(k) participants lost ten of millions of dollars when its...

JPMorgan Retirement Plan Services has filed a multi-count suit against former vice president of sales Paul Freeman, accusing him of lifting confidential client files when he defected to...

In the first time it has considered the issue, a federal appeals court has ruled that an employee's nonqualified stock options from his employer became taxable when the...

The US Department of Labor’s Employee Benefits Security Administration (EBSA) will make available Thursday the 2006 Form M-1 annual report for multiple employer welfare arrangements (MEWAs).

The NASD announced Monday it has slapped Jefferies&Company with a $5.5-million fine for providing “improper gifts and entertainment″ to Fidelity stock traders.

In court papers filed last week, the Securities and Exchange Commission (SEC) revealed for the first time details of its two-year probe into possible fraud at Fidelity Investments.

A federal judge has cleared the way for a former employee of A.G. Edwards to continue pressing forward with his Employee Retirement Income Security Act (ERISA) fiduciary breach...