SEC, DOL Enforcement: Diebold, Stryker Busted for Bribing Foreign Officials
Diebold, manufacturer of voting machines and ATMs, to pay $48 million penalty; DOL recovers more than $4 million over ESOP scam.
Audit Faults EBSA for Inadequate Oversight
The Office of Inspector General concluded the agency is not providing enough oversight of ERISA retirement plans that invest in alternative investments.
Matrix Warns: Brush Up on IRA Business Models Ahead of Fiduciary Rule
Guide gives advisors a heads-up on possible DOL fiduciary rule’s IRA rollover requirements; Matrix expects a reproposal late this year.
The Women Leading the Fiduciary Charge
Phyllis Borzi and Mary Jo White are two tough ladies with two tough jobs.
DOL Provides ERISA Guidance for Same-Sex Couples
DOL announced new guidance interpreting the Supreme Court’s decision overturning the Defense of Marriage Act and its impact on ERISA.
DOL Fiduciary Plan Hits Delay, Borzi Says
The revamped proposal will include IRAs, DOL assistant secretary Phyllis Borzi confirmed at the FSI advisor summit.
Retirement Pros Weigh In on DOL’s Lifetime Income Plan
DOL’s plan would require that lifetime income illustrations be given to participants in defined contribution plans, such as 401(k)s and 403(b)s.
401(k) Trustee Matthew Hutcheson Sentenced to 17 ½ Years
The Idaho-based trustee and fiduciary was also ordered to pay his victims $5.3 million in restitution.
SEC’s White Pushing to Finish Fiduciary Proposal ‘Quickly’
SEC Chairwoman Mary Jo White told lawmakers Tuesday that the agency is “focused” on completing rules covering fiduciary duty.
SEC, DOL Enforcement: Cohen’s SAC Capital Faces Criminal Charges
The SAC Capital insider trading scandal featured in enforcement actions this week, along with SEC charges against the City of Miami and a DOL settlement with the trustee of a defunct garment company’s pension plan.