Compliance

Chairman Mary Schapiro today outlined new plans for enforcement of the Securities and Exchange Commission (SEC).

A federal judge in California has rebuffed demands from JP Morgan Chase and Co. that it dismiss a lawsuit alleging mistakes that could imperil the tax-favored status of...

A group of General Motors defined contribution plan participants cannot proceed with their lawsuit claiming GM had improperly included undiversified single-equity funds in its plans.

Marsh&McLennan Cos. Inc. agreed Wednesday to pay $2.4 million to settle bid-rigging and client-steering charges leveled by Connecticut Attorney General Richard Blumenthal.

The Financial Industry Regulatory Authority (FINRA) said it entered settlements with four more firms relating to the sale of auction rate securities (ARS).

While federal securities regulators have made progress in working out internal organizational kinks, the U.S. Securities and Exchange Commission (SEC) still has a way to go before reaching...

Speaking at the Mutual Fund Directors Forum Annual Policy Conference in Washington, Securities and Exchange Commission (SEC) Chairman Mary Schapiro said she is “committed to a meaningful and...

Securities suits filed in the first quarter of 2009 were up significantly from the year before, with Bernard Madoff-related suits counting for a large chunk of them.

A federal judge in South Florida has thrown out virtually all of the allegations leveled against U.S. Sugar Corp. of Clewiston, Florida, in a class action lawsuit.

JPMorgan Chase&Co. did not violate the Employee Retirement Income Security Act (ERISA) with its 1989 conversion to a cash balance pension plan and subsequent plan amendments, a court...

The Financial Industry Regulatory Authority (FINRA) said it fined Centaurus Financial, Inc. (CFI) $175,000 for its failure to protect certain confidential customer information.

The Financial Industry Regulatory Authority (FINRA) is proposing a major expansion of its BrokerCheck service—to make records of final regulatory actions against brokers permanently available to the public,...

Although it is too early to tell what will become of the proposed advice legislation, it raises practical application questions.

Members of the U.S. House GOP’s Savings Solutions Group on Wednesday introduced the Savings Recovery Act, a bill designed to “help families protect what they have and begin...

A bill was introduced in the House of Representatives to update the investment advice regulations to the Pension Protection Act to allow for independent investment advice.

The Health, Employment, Labor, and Pensions Subcommittee of the U.S. House Education and Labor Committee held a hearing on Wednesday about fee disclosure to retirement plan participants.

Legislation about full fee disclosure was introduced in the U.S. House.

The American Recovery and Reinvestment Act of 2009 raise questions for small-business owners about how to make changes required under the new law.

ERISA’s 404(c) has long been held out by some as something of a magic talisman.

The U.S. District Court for the District of New Hampshire determined that Tyco International Ltd. cannot use Employee Retirement Income Security Act (ERISA) section 404(c) protection in its...