Riskier Pension Investments Have UK Watchdog Group on Alert
Moves to counter low yields can expose plans to greater losses, less stability.
Regulation
Trader Joe’s Retirement System Hit with Lawsuit Alleging ERISA Breaches
Ex-participants of the popular food chain’s retirement plan bring allegations of ’dramatic’ pains.
Canadian Defined Benefit Plans Surge at End of 2019
Rising bond yields, strong asset returns bring funded ratio to near all-time high.
Top Fraudsters and Financial Crimes of 2019 in the UK
Eco-investment scheme tops list of more than 600 convicted frauds.
MetLife to Pay SEC $10 Million Fine Over Pension Accounting Violations
Firm assumed annuitants were dead or unreachable if they didn’t respond to two mailings.
CFO Pleads Guilty for Role in $1 Billion Ponzi Scheme
Funds were ‘pilfered’ to purchase luxury vehicles, real estate, and to pay earlier investors.
Tales from the Crypt: Investors Suspect Cryptocurrency Firm Founder Faked His Death
Lawyers want body exhumed, $61 million liquidated before death can’t be accounted for.
SEC Charges CEO with Fraudulent Initial Coin Offering
Tech firm allegedly raked in $42 million by defrauding hundreds of investors.
SEC Freezes Solar Panel Maker’s Assets Over Alleged Fraud
Executives allegedly used funds for yacht, sports cars, cosmetic surgery.
Proposal Denied! SEC Rejects Plan to Allow New Capital Raises Through Direct Listings
NYSE’s new idea hits a roadblock.
Chicago Hedge Fund Adviser, Executives Charged with Fraud
SEC alleges firm overcharged investors by inflating fund values.
Connecticut Moves to Embrace ‘First-of-its-Kind’ Gun Divestment Policy
State treasury plans to divest from civilian gun manufacturers to mitigate the national gun violence crisis.
Washington State Investment Board Advances Lawsuit Against Brazilian Company
Court gives green light to WSIB for its bribery case against Brazilian construction company Odebrecht.
Senators Rebuke Federal Pension’s Criticisms of China Investment Ban
Sponsors of the bill says the pension board must either be ‘unaware’ or ‘purposefully misleading.’
Investment Advisor’s Registration Revoked over Alleged Fraud
SEC says International Investment Group sold at least $60 million in fake loan assets.