A group representing individual investors has released a study asserting that a Wall Street watchdog has too easily allowed brokers to expunge client complaints from their records – sometimes without holding a hearing.
Scrutiny of fees has never been more intense. A panel of advisers discussed how they are responding to the environment while protecting their bottom line.
The U.S. Federal Reserve gave its nod to a regulation allowing banks to continue selling some securities products and services without having to register as brokers with the Securities and Exchange Commission (SEC).
Concerns about unscrupulous financial advisers using faux designations to mislead individual investors have resulted in a number of state initiatives to crack down on how these designations are used.
The Securities and Exchange Commission (SEC) has issued a cease-and-desist order against pension consultant Callan Associates for failing to tell its clients about an outside business relationship that could affect the investment advice it gave.
Democratic presidential hopeful Senator Joe Biden has put forth his plan to help Americans save for retirement.
The Internal Revenue Service (IRS) announced on Wednesday it will temporarily stop taking applications from pre-approved defined contribution plans for determination letters on December 18, 2007.
The 401(k) fee disclosure legislation pending in Congress will have a detrimental effect on the employer-sponsored retirement plan system, argues the SPARK Institute.
The 2nd U.S. Circuit Court of Appeals has reinstated a case brought against the New York Stock Exchange (NYSE) by institutional investors who claim the exchange and seven trading specialist firms worked together to defraud investors.
The Investment Company Institute (ICI), a mutual fund trade group, has asked the U.S. Treasury Department and the Internal Revenue Service (IRS) to put off the effective date of a new rule regarding 403(b) asset transfers.
Although the enforcement division of the U.S. Securities and Exchange Commission (SEC) has instituted management improvements in recent years, it has some distance to go to reach its greatest level of effectiveness, according to a new government study.
The Securities and Exchange Commission (SEC) charged 69 auditors with issuing audit reports on the financial statements of public companies although the firms were not registered with the Public Company Accounting Oversight Board (PCAOB).
Morgan Stanley and two Boston-based employees were charged by Massachusetts’ top securities regulator for improperly sifting though job posting Web site CareerBuilder.com to find customers, including potential sources of 401(k) rollover assets.
Employees enrolled in Countrywide Financial Corp.’s 401(k) plan claim that illegal actions by those overseeing the plan led to millions of dollars in losses during a recent stock plummet.
The U.S. Department of Labor (DoL) on Tuesday issued two rules under the Pension Protection Act of 2006 (PPA) relating to choosing an annuity provider for distributions from DB and DC plans.
The Securities and Exchange Commission (SEC) has approved a new Financial Industry Regulatory Authority (FINRA) rule governing broker-dealer sales practices with respect to purchases and exchanges of deferred variable annuities.
The Financial Industry Regulatory Authority (FINRA) announced the initiation of two regulatory sweeps intended to ensure that securities firms are using appropriate sales practices in their dealings with seniors and individuals nearing retirement.
The Treasury Department and the Internal Revenue Service (IRS) on Monday gave plan sponsors until December 31, 2008 to bring documents into compliance with the final nonqualified deferred compensation regulations under section 409A of the Internal Revenue Code.
A $125 million settlement between Merrill Lynch&Co. and investors over the company’s publishing of biased research got federal court approval on Wednesday, Reuters reported.
With an anti-market timing rule scheduled to go into effect October 16, 2007, Securities and Exchange Commission (SEC) regulators have warned the investment industry not to misuse investor data they may now have to gather.