Compliance

The Securities and Exchange Commission (SEC) has charged three AXA Rosenberg entities with securities fraud that led to $217 million in investor losses. 

The SPARK Institute is urging Employee Benefit Security Administration (EBSA) to take a more restrained approach in changing the definition of advice and fiduciary so that the industry can...

The Senate Health, Education, Labor and Pensions (HELP) Committee scheduled a hearing for Thursday to discuss “what can be done to help Americans save more for retirement.”

In comments to the Department of Labor’s Employee Benefits Security Administration (EBSA), the ESOP Association said mandating valuators of private company stock to be fiduciaries will increase the cost...

A federal appellate court recently issued two rulings in stock-drop cases that may play a critical role for future employer-defendants.

In response to a mandate from the Dodd-Frank Act to investigate investor access to information on broker/dealers (B/Ds) and registered investment advisers (RIAs), the Securities and Exchange Commission...

A federal judge in Pennsylvania approved a $5-million settlement of a Comcast Corp. stock drop class action suit.

A federal appellate court has ruled that it can be appropriate for a class of defined contribution plan participants to sue for relief under the Employee Retirement Income...

The Securities and Exchange Commission’s (SEC) anticipated report, “Study on Investment Advisers and Broker-Dealers,” came out late Friday, and by Monday morning, predictions for the future of the industry...

The number of securities lawsuits filed in 2010 edged out the record set in 2009, according to the latest quarterly review of securities litigation by insurance researcher Advisen...

The ERISA Industry Committee (ERIC) submitted comments to the Department of Labor’s Employee Benefits Security Administration (EBSA) regarding its proposal on target-date fund disclosures.

Commissioner Elisse Walter issued a statement today after the Securities and Exchange Commission (SEC) published a report regarding a lack of oversight of registered investment advisers (RIAs).   

The much-anticipated report from the Securities and Exchange Commission (SEC) says Congress should consider three options for improving oversight of registered investment advisers (RIAs): user fees, a self-regulatory...

The Department of Labor (DoL) requested comments on if advice relating to a plan distribution should be included in the definition of "advice" under fiduciary standards; Aon Hewitt...

Two groups commenting on the proposal to expand the definition of fiduciary have urged regulators not to require those appraising employee stock ownership plan (ESOP) assets to be...

In comments to the Department of Labor (DoL) regarding the proposed change to the definition of fiduciary, Liberty Capital Investment Corporation said the rule “would be a litigation...

The Government Accountability Office (GAO) has published its report on financial planning regulation, as mandated by the Dodd-Frank Act, and found “an additional layer of regulation” is not...

President and CEO of SIFMA, Tim Ryan, said above all else, we need to “get it right;” it being the implementation of the Dodd-Frank Act.    

BNY Mellon Asset Servicing is adding a section on its Workbench platform to address the influx of industry rules and regulations.

The American Society of Pension Professionals and Actuaries (ASPPA) and the National Association of Independent Retirement Plan Advisors (NAIRPA) suggested a few additions and modifications to target-date fund disclosure...