Compliance

The Investment Company Institute (ICI) is pushing the U.S. Supreme Court to stick with the established legal framework when evaluating claims that a mutual fund’s investment adviser has...

The 6th U.S. Circuit Court of Appeals has reopened a case in which retirees of LG Philips Displays are seeking to be reinstated with health benefits that ended...

A federal judge has thrown out a stock-drop lawsuit against drugmaker Schering-Plough, but has permitted plaintiffs to strengthen its allegations of wrongdoing and refile it.

Merrill Lynch will pay Florida $8.5 million to settle allegations over the sale of auction-rate securities (ARS).

A federal judge in Connecticut has ruled that a drug company improperly forced out its chief patent counsel after the lawyer reached age 65 in 2004.

Montgomery, Alabama-based Colonial Bank, closed by authorities in August, has been hit with a stock-drop lawsuit by a retirement plan participant.

Alabama Attorney General Troy King has taken over a probe into at least $10 million in fees paid by to the Alabama State Employees Association from the 457...

Northwestern Mutual Investment Services, LLC, City Securities Corporation, and Fifth Third Securities, Inc., are the latest firms to settle charges with FINRA over the sale of auction-rate securities...

The Financial Industry Regulatory Authority (FINRA) will implement increased margin requirements for leveraged exchange-traded funds (ETFs).

The U.S. District Court for the Southern District of New York has ruled that participants in two retirement plans sponsored by Citigroup failed to state a claim that...

A federal judge in Los Angeles has preliminarily approved a $55-million settlement between Bank of America (BofA) and former employees of Countrywide Financial Corp.

The Securities and Exchange Commission (SEC) has encouraged broker/dealer (B/D) bosses to rein in their reps.

The latest Ponzi schemes keep with the theme of brokers allegedly bilking from the elderly, including those close to them.

With a recent decision ruling in favor of a Motorola employee, federal court judges continue refining their approach to handling benefits award cases involving a conflict of interest...

The Department of Labor's Employee Benefits Security Administration (EBSA) has begun its list of approved software for use in electronic filing of Form 5500.

The U.S. Securities and Exchange Commission (SEC) is set to hire University of Texas professor Henry Hu to oversee risk analysis and seek out market areas where abuses...

A federal judge on Wednesday combined 12 lawsuits over the failed Reserve Primary Fund, Reuters reported.

Many financial advisers and brokers might be confused about what regulators have to say about using social networking.

U.S. District Judge Jed Rakoff refused to sign off on Bank of America’s $33-million settlement with the Securities and Exchange Commission (SEC) over disclosures of bonuses paid to...

Mary Wong, the former adviser of Michael Vick recently sued by the Department of Labor (DoL) and Vick, now has more legal problems to deal with.