Compliance

The Securities and Exchange Commission (SEC) on Wednesday voted unanimously to improve mutual fund disclosure by requiring funds to provide investors a concise summary in plain English.

The U.S. Department of Labor has sued the board of directors of The Employee Ownership Holding Co. of Stockton, California, and Fife, Washington, for alleged violations of the...

A former communications company employee battling in support of his stock-drop lawsuit suffered his second major legal setback.

A court ruled that a mutual fund company that engaged in a fee agreement with its investment adviser is not a “party in interest″ under the Employee Retirement...

The Internal Revenue Service (IRS) official who has become the tax agency’s public face on the 403(b) regulations is scheduled to appear in a December 4 IRS Webinar.

A public fund trade group has posted a series of video files on the government’s 403(b) regulations in light of the fast approaching January 1 deadline.

A 401(k) plan sponsor did not engage in a prohibited transaction under § 406 of the Employee Retirement Income Security Act (ERISA) because investment manager fees were not...

The latest company to find itself under scrutiny for a potential “stock drop″ case is The Hartford.

The Securities and Exchange Commission (SEC) and the North American Securities Administrators Association (NASAA) said they will waive the initial set-up and annual system fees paid by investment...

Two former executives of transfer agent Putnam Fiduciary Trust were given permanent injunctions and ordered to pay civil penalties, the Securities and Exchange Commission announced.

A federal judge ruled that John Hancock Life Insurance Co. is not entitled to indemnification and contribution.

The Texas management consultant whose name has been attached to a landmark U.S. Supreme Court ruling on participants’ legal rights to pursue fiduciary breach claims has no regrets.

The U.S. District Court for the Eastern District of Pennsylvania has moved forward several fiduciary breach claims against Comcast Corporation for its handling of company stock retirement plan...

The Securities and Exchange Commission (SEC) charged privately held, registered broker/dealer Lazard Capital Markets LLC with failing to supervise three employees who spent more than $600,000 while 'improperly...

A Texas management consultant, whose lawsuit over 401(k) fiduciary breach allegations became the subject of a landmark U.S. Supreme Court ruling on participants’ legal rights, has apparently run...