Compliance

A lower court was correct in dismissing the lawsuit over unreasonable fees related to investments filed against Deere&Co. and two Fidelity units, an appellate court ruled Thursday.

Financial Industry Regulatory Authority (FINRA) said Thursday that it has fined two Wachovia units more than $4.5 million for violations related to the sales of mutual funds and...

A court said Huntington Bancshares Inc. did not violate the Employee Retirement Income Security Act (ERISA) by continuing to offer company stock while suffering because of the subprime...

Senators introduced legislation that would require defined contribution plan sponsors to disclose fees to participants.

New York Attorney General Andrew Cuomo continues to blast Merrill Lynch for its bonuses paid before the Bank of America (BoA) acquisition.

Two former chairs of the Securities and Exchange Commission will lead an independent panel to recommend ways to improve the regulation of the U.S. financial markets.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) announced interim guidance pertaining to new requirements that defined benefit plan sponsors must disclose plan funding data to...

You may have noticed that those year-end tax statements aren’t showing up as soon this year – but the Internal Revenue Service (IRS) says they should be more...

With an expanding list of retirement plans snared by investments tied to Bernard L. Madoff, the Labor Department has published some guidance for plan fiduciaries.

Blackberry maker Research in Motion (RIM) has worked out a settlement of stock options backdating charges with the Ontario Securities Commission (OSC).

The U.S. Department of Labor (DoL) has proposed putting off the implementation of its recently released investment advice rule.

A federal judge has ruled that the owner of a now-defunct Michigan construction firm is personally liable for $24,900 in unpaid retirement savings contributions for the four years...

Bank of America (BoA) was hit with a participant stock-drop suit alleging the company’s acquisitions of Countrywide Financial Corp. and Merrill Lynch left BoA exposed to ‘toxic’ subprime...

Mutual fund data repository NewRiver, Inc., announced it has filed suit against Morningstar Inc. over use of its prospectus product.

A federal appellate court has cleared State Street Bank&Trust Co. of wrongdoing for selling W.R. Grace Company stock from the company’s 401(k) plan.

Much has been made in recent weeks over the so-called Ponzi scheme foisted on the investing public by Bernie Madoff.

Just over a year after launching an investigation, the Securities and Exchange Commission (SEC) has charged Merrill Lynch and two of its former investment adviser representatives for misleading...

The New Orleans Employees Retirement System has filed a class action lawsuit seeking billions of dollars in damages from UBS.

An employee 401(k) stock-drop suit survived its first major challenge when a federal judge in Tennessee turned away an early effort by the employer to have the claim...

State Street has been hit with another federal court lawsuit alleging it took positions in risky subprime mortgage-backed securities in its Daily Bond Market fund, without telling anyone...