Compliance

LPL Financial Corporation (LPL) has agreed to pay nearly $1.3 million in restitution to Montana investors in a Ponzi scheme run by an independent broker.

Rick Ketchum, chairman and CEO of the Financial Industry Regulatory Authority (FINRA), said the agency has formed a task force to examine how regulation can welcome new forms...

Plan sponsors (and “plan professionals,” including advisers) looking to bone up on the new Form 5500 will have another chance to do so online. 

This week a Senate committee will once again take up the topic of target-date funds. 

The Department of Labor's Employee Benefits Security Administration (EBSA) has issued additional guidance in response to questions from plans and service providers on the requirements for reporting service...

The Securities and Exchange Commission (SEC) is taking a hard look at retirement products, including the positioning of target-date funds.

We all know that there’s no such thing as a free lunch – a lesson that a group of older investors is now learning the hard...

The third quarter saw a robust 169 new securities lawsuits filed, but the credit crisis is no longer leading the litigation charge, according to Advisen’s quarterly update on...

The Social Security Administration announced there will be no cost-of-living adjustment (COLA) in 2010 for monthly social security and supplemental security income (SSI) benefits.

The Internal Revenue Service has announced cost of living adjustments applicable to dollar limitations for pension plans and other items for Tax Year 2010. 

 Charles Schwab has been notified by the U.S. Securities and Exchange Commission (SEC) that it could be the target of an SEC civil suit.

Two investors are pointing their fingers at the U.S. government for failing to stop Bernard Madoff’s giant Ponzi scheme.

After months of fighting with regulators, Bank of America (BofA) is turning over documents about its purchase of Merrill Lynch, according to news reports.

An insurance agent who purchased a book of clients from a retiring co-worker is suing the firm with which he is associated for stealing some of that business.

The U.S. District Court for the Eastern District of Wisconsin has dismissed a lawsuit accusing Harley-Davidson and some of its executives of breaching fiduciary duties by continuing to...

JPMorgan Chase & Co. cannot be held liable for mismanagement that may have occurred before the Federal Deposit Insurance Corp. seized Washington Mutual, Inc., a judge has ruled.

These days, everything is being challenged as a fiduciary duty for retirement plans, said Chad J. Larsen, President, Moreton Retirement Partners, an NRP member firm, opening a panel...

For plan years beginning in 2009, the Department of Labor (DoL) has revised the fee disclosure schedule for Form 5500.

An employer’s move to reduce its equity holdings and increase fixed-income investments in its cash balance pension plan did not represent an illegal benefits reduction, a federal judge...

A former payroll administrator for a Houston recycling company has been indicted for stealing paychecks and 401(k) plan money.