Compliance

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...

The Securities and Exchange Commission (SEC) is going after an investment adviser who allegedly defrauded clients by saying they were investing in the federal government’s Troubled Asset Relief...

Fee disclosure regulations did not make it into the Federal Register before the new administration stepped in, but that is not necessarily a signal for advisers to relax...

A court determined that an employer did not have to provide certain documents requested by cash balance plan participants within 30 days as required by the Employee Retirement...

A federal judge in Minnesota has rebuffed an age-discrimination challenge to Northwest Airlines' defined contribution plan, ruling that the use of age as a factor for a benefits...

Whether unions representing Minnesota District 861 teachers and paraprofessionals can legitimately file a grievance over 403(b) plan changes is under debate.

New York's attorney general issued a subpoena to former Merrill Lynch Chief Executive John Thain, in an investigation of bonuses paid to Merrill Lynch’s employees before the takeover...

A Massachusetts broker might lose his registration and be forced to repay losses for allegedly stealing more than $2 million by selling clients phony investments.

If it remains in place, the Department of Labor’s (DoL) finalized investment advice rule might help business for retirement plan advisers already giving advice.

The Board of Governors of the Financial Industry Regulatory Authority (FINRA) said it has established a search committee to find candidates to replace FINRA CEO Mary L. Schapiro,...

Two class action law firms are investigating conduct that they believe may have caused losses to State Street’s 401(k) plan and might have violated the Employee Retirement Income...

An order from White House Chief of Staff Rahm Emanuel will delay two Department of Labor (DoL) fee disclosure regulations and possibly slow down a recently published advice...