Compliance

At a recent House hearing, speakers affirmed the need for independent financial advice.

A judge gave the OK for current and former Pfizer Inc. and Pharmacia Corp. employees to move forward with their fiduciary breach suit.

A federal judge has consolidated eight employee stock-drop cases against American International Group, Inc. (AIG)

Bank of America (BofA) shareholders are trying to oust CEO Kenneth Lewis and two other board members, according to reports.

The Securities and Exchange Commission (SEC) said it is considering putting off rule 12b-1.

Wachovia Securities will reinstate a former adviser as well as award him back pay and damages for violating the Uniform Services Employment and Reemployment Rights Act (USERRA).

The U.S. Department of Labor (DoL) has delayed the effective date of its final rules about providing retirement plan participant investment advice.

A suit filed by a plan that suffered investment losses in a Ponzi scheme was filed a month too late.

The head of the American International Group (AIG) said he has asked some bonus recipients to give at least half of the money back.

There’s been a lot of talk of late about so-called ‘Ponzi schemes’ like the $50 billion one perpetrated on investors by Bernie Madoff.

The Federal Reserve System's Board of Governors amended Regulation Z to exempt most retirement plan loans from the disclosure requirement of the federal Truth-in-Lending Act.

There’s another stock drop suit brewing – and this one’s directed at Fannie Mae.

Legislative changes to the Federal Thrift Savings Plan (TSP) are tacked onto a U.S. House bill aimed at regulating tobacco products.

Comment letters flowing into the U.S. Department of Labor (DoL) over the recently postponed investment advice regulations make it clear that the issue is red hot with controversy.

Bernard Madoff pleaded guilty in Manhattan federal court to 11 felony counts related to a $50 billion Ponzi scheme, federal officials announced.

Whatever happened to 12b-1 fee regulation?

The value and number of federal securities class action settlements declined in 2008, according to a report by Cornerstone Research.

Attorney General Andrew Cuomo again took a stab at Bank of America (BoA) for not releasing data about bonuses paid to Merrill Lynch&Co. executives.

Bernard L. Madoff, the alleged orchestrator of a $50-billion Ponzi scheme, is scheduled to plead guilty to 11 felony charges Thursday.

The U.S. Department of Labor has reached a settlement agreement with Consulting Services Group (CSG) of Memphis, Tennessee, and its affiliated broker/dealer, which provides for fee restitution to...