A federal judge in Massachusetts has ordered the sponsor of a master plan to strike a clause in its plan documents relieving the trustee of the duty to...
Spector Roseman Kodroff&Willis, P.C., filed another class action against Austin Capital Management Ltd. for millions of dollars of losses due to improper investments in securities controlled by Bernard...
A three-judge court of appeals ruled that a federal district court should not have reversed a copyright infringement case brought by broker The Graham Co. against broker USI...
The Keller Rohrback class-action law firm announced Thursday that it is investigating the investment activities of Northern Trust Company (NTC) and Northern Trust Investments (NTI).
U.S. Representative Richard Neal (D-Massachusetts) has introduced legislation that would require administrators of 401(k) plans to provide plan participants with detailed fee and investment disclosures.
Banc of America Securities and its broker/dealer arm will return more than $3 billion to investors in California to settle alleged violations of the sales of auction-rate securities...
The deadline for comments on the Internal Revenue Service’s proposal for a 403(b) plan document prototype program was June 1, and trade groups and industry providers had a...
The Securities and Exchange Commission (SEC) on Monday charged Boston-based Evergreen Investment Management Company with securities law violations for overstating the value of a mutual fund that invested...
The Securities and Exchange Commission (SEC) said it finalized settlements with Bank of America, RBC Capital Markets, and Deutsche Bank over charges that the firms misled investors regarding...
The SPARK Institute submitted a comment letter to the Internal Revenue Service (IRS) commending it on the proposed 403(b) plans prototype program, and requesting changes that it says...