Compliance

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...

The U.S. Supreme Court agreed to consider whether the level of fees paid to investment advisers to mutual fund companies can violate the Investment Company Act.

Another employer hit with a 401(k) excess fee suit has walked off with a decisive victory.

Merrill Lynch has sued Deutsche Bank, calling its poaching of a group of 12 employees that had collectively 'generated tens of millions of dollars in annual revenues for...

The Financial Industry Regulatory Authority (FINRA) said it learned from recent scandals and aims to make its process for whistleblower tips more efficient.

In his continuing investigation into the bonuses paid out to Merrill Lynch executives before its acquisition by Bank of America (BoA), New York Attorney General Andrew Cuomo has...

The U.S. District Court for the Southern District of Ohio ruled that retirement plan participants did not prove that Fifth Third Bancorp breached its fiduciary duties by continuing...

Federal prosecutors have charged the former controller of one of Boston’s largest investment firms of diverting funds from the company’s retirement plan—to bank accounts linked to an adult...