Compliance

The 8th Circuit ruled that the plaintiff failed to allege sufficient facts to demonstrate that the Wells Fargo TDFs were an imprudent choice.

They say that additional interpretation of standards of conduct for investment advisers is unnecessary and that imposing broker/dealer standards on life insurers and investment advisers is inappropriate.

The plaintiffs intend to show that the government’s actions approving benefit cut reductions reflect a constitutional violation for several reasons.

In addition to asking for exemption from the program for employers already providing an ERISA-compliant retirement plan, ERIC asked the city council to change the program eligibility criteria.

A federal district court judge found that “while there were deficiencies in the Committee’s processes—including that several members displayed a concerning lack of knowledge relevant to the Committee’s...

FINRA asks advisers to share their insights about “fintech innovation in the broker/dealer industry,” while also unveiling a new structure for its enforcement staff.

While clients may not be asking about fees or complaining directly, their changing behaviors are making advisers work harder and add more services, leading to a decrease in...

The Pension Benefit Guaranty Corporation (PBGC) has established a web page, Staff Responses to Practitioner Questions.

An interim ruling in the fiduciary breach case of Barrett vs. Pioneer Natural Resources, in which elements of the defendants’ motion to oppose class certification failed at the...

They are seeking reductions as high as 50%.

The letter also asks that until guidance is provided, for the DOL to stop issuing letters that allege an employer has committed a breach of fiduciary duty with respect...

“Although budget pressures have put limits on some reforms and the Senate outlook this year is dim, the proposed changes indicate the direction that many Republicans and more...

The legislation would establish a personal retirement account for every American that they could take with them from job to job.

In this case, the alleged knowledge of an artificially high stock price was rooted in the fact that the company had not disclosed that employees of its foreign...

Given a second chance to argue their case, participants in a Wells Fargo retirement plan have again failed to meet the steep pleading standards set out by the...

Since midyear 2016, plaintiffs have filed more than 750 federal securities class actions, the most prolific 24-month period since enactment of the Private Securities Litigation Reform Act of...

This is the fifth year in a row they have identified cybersecurity as their No. 1 concern.

The panel concludes that the dispute against the University of Southern California fell outside the scope of the arbitration agreements that the participants signed.