House Committee Advances Multiemployer Pension Reform Bill
Butch Lewis Act aims to protect hundreds of pension plans at risk of becoming insolvent.
Regulation
Supreme Court Agrees to Hear Case on ERISA Statute of Limitations
Lawsuit against Intel claims company plans included overly risky investments.
SEC Charges Student with Running Ponzi Scheme Out of Frat House
Syed Arham Arbab allegedly promised ‘fictitious’ annual returns of up to 56%.
Kik Sued by SEC for Conducting $100 Million Unregistered ICO
Regulator says firm prevented investors from making informed decisions.
UK Academics Demand Inquiry into USS Pension Fund
More than 1,000 professors call for investigation into largest UK private plan’s deficit.
UAW Pension Fund Urges Mylan to Bolster Pay Policy
Pension wants firm to recoup incentive compensation from execs who behave badly.
Philip Green Wins Support from Regulators for Arcadia Rescue Plan
Regulators satisfied with £385 million package despite demanding £25 million more.
TPR Replaces Pension Trustees over Incompetence
Regulator names independent trustee to oversee Dunnes Stores DC plan.
Supreme Court to Investigate IBM Stock Drop’s Influence on Corporate 401(k) Plan
Investigation could have wide-ranging effects on corporate pension plans.
Ohio Teachers Pension Sued over Eliminated COLAs
Plaintiffs says retirement system board reduced benefits unlawfully.
SEC Sues Alleged Head of Cryptocurrency Pyramid Scheme
Daniel Pacheco is accused of bilking investors out of $26.5 million.
Oregon Pension Reform Squeaks Through Legislature
Bill barely passes both chambers; governor expected to sign into law.
Boeing Faces Slew of Class-Action Suits over 737 MAX Crashes
Shareholder lawsuits accuse plane maker of concealing safety problems.
Proposed Legislation Aims to Help Boost US Retirement Savings
Bipartisan bill calls for increased contribution limits, expanded access for workers.
European Commission Fines Banks €1 Billion for Currency Rigging
Barclays, RBS, Citigroup, JP Morgan, and MUFG allegedly participated in forex cartels.