Washington

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  1. Morgan Stanley settles RMBS case with SEC

    trueMorgan Stanley will pay $275 million to settle charges brought by the Securities and Exchange Commission alleging inadequate investor disclosure in two residential mortgage-backed securities offerings in 2007.

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  1. Senate committee limits PBGC plant-closing authority

    trueThe Pension Benefit Guaranty Corp. would have to use a narrower definition of pension liability rules in cases of corporate shutdowns under legislation approved Wednesday by the Senate Health, Education, Labor and Pensions Committee.

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  2. Church pension plan status rejected by U.S. District Court

    trueIn one of five major class-action lawsuits challenging church-affiliated sponsors of defined benefit plans, a federal judge ruled Tuesday that the pension plan of Dignity Health is covered by ERISA.

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  3. SEC approves money market reforms for institutional funds

    trueInstitutional prime money market funds will have several new tools for preventing runs, under new rules approved Wednesday by the Securities and Exchange Commission.

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  4. CFTC commissioner appointed CEO at International Swaps and Derivatives Association

    trueScott O'Malia was named CEO of the International Swaps and Derivatives Association, the organization announced Wednesday.

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  5. The Daily Show takes on pension smoothing

    trueJon Stewart, on his “The Daily Show” on Comedy Central, discussed pension smoothing and how it helps the federal government raise tax revenue, Mr. Stewart concluded this is the first time he's heard smoothing used as a euphemism for sex.

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  6. Zell slams Pershing Square CEO over Herbalife action

    trueSam Zell ripped into William Ackman, CEO of Pershing Square Capital Management, for seeking to run down Herbalife Ltd. to bolster the hedge fund’s short position.

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  7. Hedge funds, banks come under fire for basket options

    trueRenaissance Technologies, Barclays Bank PLC, and Deutsche Bank AG were criticized Tuesday for misusing structured financial products to avoid taxes and banking leverage limits.

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  8. CFTC commissioner resigning

    trueScott O'Malia is resigning as a CFTC commissioner effective Aug. 8.

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  9. Dodd-Frank critics mark anniversary with reform ideas

    trueThe House Financial Services Committee wants to mark the fourth anniversary of the Dodd-Frank Wall Street Reform and Consumer Protection Act by repealing some provisions.

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  10. Moody's: Highway bill pension changes could mean $51 billion less in contributions

    trueSponsors of defined benefit pension plans will be allowed to defer $51 billion in pension contributions under legislation approved July 15 by the House as part of the bill extending the Highway Trust Fund, according to an analysis by Moody's Investors Service.

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  11. Slow process seen in naming Gotbaum successor at PBGC

    trueJoshua Gotbaum's resignation as director of the Pension Benefit Guaranty Corp. is expected to create a leadership vacuum at a critical time for an agency dealing with struggling multiemployer pension plans and corporate defined benefit sponsors stressed about premium increases.

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  12. Gotbaum's legacy

     

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  13. SEC investigating hedge funds in House committee insider-trading probe

    trueSome of the country’s largest hedge funds are being investigated by the SEC as part of an insider-trading probe.

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