UBS today announced a comprehensive settlement, in principle, for all clients holding auction-rate securities (ARS), for an estimated cost of $900 million.
The Massachusetts Secretary of the Commonwealth has charged Merrill Lynch&Co. with fraud over charges it marketed auction-rate securities while not accurately disclosing the potential market risks.
The U.S. Department of Labor (DoL) and the U.S. Securities and Exchange Commission (SEC) signed a memorandum of understanding pledging to continue sharing information about retirement plan investments.
Holzer Holzer&Fistel, LLC, is investigating possible violations of the Employee Retirement Income Security Act (ERISA) related to UBS AG's 401(k) plan.
UBS reportedly suspended its head of fixed-income as state and federal investigations heated up into sales and marketing practices related to auction-rate securities by UBS and other Wall...
Last week, the Department of Labor’s Employee Benefits Security Administration (EBSA) released its much-anticipated proposal regarding participant fee disclosures.
A woman accused of persuading Chrysler auto workers to take bogus hardship withdrawals from their 401(k) accounts has been convicted, the Associated Press reported.
Federal regulators on Tuesday unveiled the long-awaited final portion of their three-part plan disclosures regulatory package that calls for sponsors of employee-directed plans to supply participants with basic...
The 1st U.S. Circuit Court of Appeals became the latest federal appellate court to decide that former employees who allege that fiduciary breaches reduced their lump-sum distributions from...
Class action law firm Keller Rohrback kicked off an investigation of allegations that IndyMac Bancorp executives breached their fiduciary duties by keeping company stock in their 401(k) plan...
The Investment Company Institute (ICI) urged the Department of Labor (DoL) to provide workers and retirees with more access to advice and education about managing assets and income...