Compliance

Many 403(b) plan sponsors are facing for the first time not only Form 5500 reporting, but a plan audit if the plan covers 100 or more participants.

The Financial Industry Regulatory Authority (FINRA) said today that it has barred Tamara Lanz Moon of Redwood City, California, from the securities industry for stealing more than $850,000...

Robert McCann, the former head of wealth management at Merrill Lynch & Co., sued Bank of America Corp. (BofA) in a dispute over his non-compete clause, according to...

The Securities and Exchange Commission (SEC) and Bank of America Corp. yesterday defended their proposed $33-million settlement over executive bonuses paid to Merrill Lynch executives.

A federal judge approved a $17-million settlement in a stock-drop case against UnitedHealth Group.

Plan sponsors might want to prepare for the possibility of retirement plan limits dropping for 2010, Mercer said.

QVC employees fired over alleged irregularities in their 401(k) withdrawals said they were treated unfairly.

A retirement plan trustee was protected by Employee Retirement Income Security Act's (ERISA) 404(c) safe harbor shield against a lawsuit by two 401(k) participants in connection with wrongdoing...

QVC officials have completed their investigation into alleged employee misconduct in taking 401(k) loans, but declined to say if they found any fraud or if any workers had...

The Financial Planning Association (FPA) argues that the Securities and Exchange Commission (SEC), rather than the Financial Industry Regulatory Authority (FINRA), should regulate financial planning activity.

UBS AG agreed to provide 4,450 names of U.S. account holders to settle a tax-evasion lawsuit, according to news reports.

A New York-based law firm has launched two company stock fund investigations.

A settlement has been proposed in a class-action lawsuit involving Wal-Mart’s 401(k) and profit-sharing plans.

JPMorgan Chase & Co. has successfully convinced a federal judge that a former employee should be barred from moving forward with allegations about the company’s cash balance conversion.

The U.S. Department of Labor has sued defunct Vinyl-Mark Products Inc. of Hueytown, Alabama, and the company's pension and profit-sharing plan trustees for allegedly misusing plan assets to...

The Securities and Exchange Commission (SEC) fined AXA Advisors $50,000 related to retirement-fund fraud by a registered representative.

Leveraged exchange-traded-funds (ETFs) have caught the attention of regulators, and now law firms have noticed the products as well.

A judge has put the brakes on Bank of America’s $33-million settlement with the Securities and Exchange Commission (SEC).

QVC said it continues to investigate alleged irregularities regarding employee 401(k) hardship withdrawals at its Rocky Mount, North Carolina, distribution center.

The 3rd U.S. Circuit Court of Appeals has ruled that a plan administrator did not abuse its discretion in denying a disability retirement benefit payment to an employee...