Beazer Legal Woes Continue with Formal SEC Investigation
July 24, 2007 (PLANSPONSOR.com) - Beazer Homes USA Inc. has announced the Securities and Exchange Commission (SEC) has begun a formal inquiry to determine if any person or...
Administration
FRC Research Helps Managers in Growing DC Market
July 24, 2007 (PLANSPONSOR.com) - A new study from Financial Research Corporation (FRC) provides investment-only defined contribution (IODC) asset managers with advice and information on the growing market.
FRC Research Helps Managers in Growing DC Market
July 24, 2007 (PLANSPONSOR.com) - A new study from Financial Research Corporation (FRC) provides investment-only defined contribution (IODC) asset managers with advice and information on the growing market.
NYSE Fines Smith Barney $50M for Market-Timing Violations
July 24, 2007 (PLANSPONSOR.com) - NYSE Regulation, Inc. announced it has censured and fined the Smith Barney Division of Citigroup Global Markets Inc. ("CGMI") for failing to supervise...
NYSE Fines Smith Barney $50M for Market-Timing Violations
July 24, 2007 (PLANSPONSOR.com) - NYSE Regulation, Inc. announced it has censured and fined the Smith Barney Division of Citigroup Global Markets Inc. ("CGMI") for failing to supervise...
OneAmerica Acquires 403(b) Participants from Transamerica
July 24, 2007 (PLANSPONSOR.com) - OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the...
OneAmerica Acquires 403(b) Participants from Transamerica
July 24, 2007 (PLANSPONSOR.com) - OneAmerica Financial Partners, Inc. purchased a block of 403(b) business from Transamerica Life Insurance Company, increasing the number of plan participants with the...
States Announce $115M Hartford Market Timing, Bid Rigging Settlement
July 23, 2007 (PLANSPONSOR.com) - The Hartford Financial Services Group has agreed to pay $115 million to settle allegations by the states of Connecticut, Illinois and New York...
Ex-Defense Contractor Execs Accused in Options Backdating
July 23, 2007 (PLANSPONSOR.com) - Three former senior officials of a St. Louis-based defense contractor have been indicted by a federal grand jury in connection with a scheme...
PERS Approves Pension Hike for Oregon Public Retirees
July 23, 2007 (PLANSPONSOR.com) - Retired Oregon public employees whose pensions have been frozen without cost-of-living adjustments in four years will see a 2% increase in their payouts,...
MA Legislature Approves Measure to GIve State Control of Ailing Local Pensions
July 20, 2007 (PLANSPONSOR.com) - Legislation that would allow Massachusetts to seize the assets of underperforming local pension funds garnered wide approval on Thursday, the Springfield Republican reported.
Hevesi's Sons and Cronies Engulfed in Pension Fund Probe
July 17, 2007 (PLANSPONSOR.com) - The probe into Alan Hevesi activities when he hailed as New York Comptroller now includes allegations of whether his sons profited from the...
Report Portrays Financial Professions' Challenging Future
July 16, 2007 (PLANSPONSOR.com) - The response of those in the accounting, finance and audit professions to worsening talent shortfalls and other challenges will have a significant impact...
Ceridian Settles with Pension Fund over Acquisition Deal
July 16, 2007 (PLANSPONSOR.com) - Ceridian Corp. settled a lawsuit with a Minnesota firefighters' pension fund that claimed the payroll and human resources provider's buyout price from Thomas...
Golden State Public Pensions 89% Funded
July 13, 2007 (PLANSPONSOR.COM) - A special research panel has concluded that California's public pension programs are collectively 89% funded and that the combined shortfall totals about $63...
SEC Won't Require Restatements for FASB 158 Misclassifications
July 13, 2007 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) says it will not require amended filings to correct misclassifications under new Financial Accounting Standards Board (FASB)...
SEC Won't Require Restatements for FASB 158 Misclassifications
July 13, 2007 (PLANSPONSOR.com) - The Securities and Exchange Commission (SEC) says it will not require amended filings to correct misclassifications under new Financial Accounting Standards Board (FASB)...
Legislator Condemns SEC's Method for Pinpointing Terrorist State-linked Companies
July 13, 2007 (PLANSPONSOR.com) - The head of the U.S. House Financial Services Committee has questioned the Securities and Exchange Commission's (SEC) criteria for identifying companies involved with...
CT Treasurer Taps Mercer as Investment Consultant
July 12, 2007 (PLANSPONSOR.com) - Connecticut Treasurer Denise L. Nappier has named Mercer Investment Consulting as investment consultant for the $26 billion Connecticut Retirement Plans and Trust Funds...
SEC Rule Aimed At Protecting Hedge Fund Investors
July 11, 2007 (PLANSPONSOR.com) - The U.S. Securities and Exchange Commission (SEC) voted unanimously to approve a rule prohibiting hedge fund advisers from defrauding investors, Reuters reported.