Compliance

A former Merrill Lynch branch manager has accused the firm of discriminating against him for being a member of the Church of Jesus Christ of Latter-Day Saints.

The U.S. District Court for the Southern District of New York has ruled that a whistleblower need not personally contact the Securities and Exchange Commission to claim retaliation...

A U.S. District Court has certified as a class action a suit against YRC Worldwide that claims it offered company stock as a 401(k) investment option when it...

Motorola 401(k) Profit-Sharing Plan participants are excluded from the class specified in a securities lawsuit brought against the company, so they cannot share in the settlement of that...

A court approved a $3 million settlement of a case accusing PFF Bancorp Inc of continuing to purchase and invest in company stock for its 401(k) plan and...

The 9th U.S. Circuit Court of Appeals has reinstated a lawsuit brought by Finistar shareholders alleging stock options backdating.

A federal court has granted retirement plan benefits of a deceased participant to his spouse, even though he had listed his children as beneficiaries on the plan’s designation...

The ERISA Industry Committee (ERIC) urged the Treasury Department to be more responsive to easing the regulatory burden on sponsors of benefit plans in order to ensure that...

The Government Accountability Office contends that the shift away from defined benefit retirement plans to more defined contribution plans has resulted in disproportionate benefits for American workers.

The American Society of Pension Professionals & Actuaries (ASPPA) has recommended that the Treasury Department simplify the required employee communication items for retirement plans.

In an amicus brief, the U.S. Department of Labor asked the 9th U.S. Circuit Court of Appeals to reverse a federal district court’s dismissal of a 401(k) stock-drop...

The law firm of Lewis, Feinberg, Lee, Renaker & Jackson supports the Department of Labor's (DoL) proposed inclusion of valuators of closely-held employer securities in the definition of...

Congressman Ron Kind (D-Wisconsin) has introduced the "Promotion and Expansion of Private Employee Ownership Act of 2011."

The 2010 ERISA Advisory Council found that deficiencies in limited scope audits of retirement plans may be due to some misunderstandings.

The 2010 ERISA Advisory Council found significant problems with retirement plan audit quality, auditor quality, or both.

A U.S. appeals court found that fiduciaries of the bankrupt Rock Island Corporation can be liable for allowing retirement plan participants to select company stock as an investment...

The Securities and Exchange Commission is looking for input on the effectiveness of existing investor education efforts.

A federal judge threw out a lawsuit by two of Bernard Madoff's former clients, which accused the Securities and Exchange Commission (SEC) of negligence for failing to uncover...

The Internal Revenue Service (IRS) has compiled its annual list of “dirty dozen” tax scams, including “abusive” retirement plans.

Two associations expressed concern over how the application of proposed rules by the Securities and Exchange Commission (SEC) will impact retirement plan professionals who work with government-sponsored retirement...