USI Advisors Inc. has agreed to pay nearly $1.3 million to 13 pension plans to resolve alleged violations of the Employee Retirement Income Security Act.
The insurance industry continues its fight against the California proposal, which seeks to largely replicate private-sector offerings under state control.
Financial services trade groups have asked the SEC not to pursue its proposed changes to money market funds, as they could jeopardize retirement savings.
The DOL is pressuring Metavation LLC to restore more than $34 million in assets to two pension funds that were allegedly used in violation of the Employee Retirement Income Security Act.