Compliance

New York's attorney general issued a subpoena to former Merrill Lynch Chief Executive John Thain, in an investigation of bonuses paid to Merrill Lynch’s employees before the takeover...

A Massachusetts broker might lose his registration and be forced to repay losses for allegedly stealing more than $2 million by selling clients phony investments.

If it remains in place, the Department of Labor’s (DoL) finalized investment advice rule might help business for retirement plan advisers already giving advice.

The Board of Governors of the Financial Industry Regulatory Authority (FINRA) said it has established a search committee to find candidates to replace FINRA CEO Mary L. Schapiro,...

Two class action law firms are investigating conduct that they believe may have caused losses to State Street’s 401(k) plan and might have violated the Employee Retirement Income...

An order from White House Chief of Staff Rahm Emanuel will delay two Department of Labor (DoL) fee disclosure regulations and possibly slow down a recently published advice...

With the ink barely dry on the Department of Labor’s final regulations on investment advice, two Democratic Congressmen have promised to block it.

A soon-to-be published rule from the Department of Labor (DoL) adds an exemption for investment advice to the Pension Protection Act (PPA).

President-elect Obama and Democrats in Congress hope to keep the estate tax instated in 2010, according to a report in the Wall Street Journal.

The Internal Revenue Service (IRS) has modified reporting requirements applicable to required minimum distributions (RMDs) from individual retirement accounts (IRAs) to reflect the waiver of the RMD rules...

In Notice 2009-8, the Internal Revenue Service has published guidance on the application of §457A to nonqualified deferred compensation plans of nonqualified entities.

Drawing a distinction between claims to recover pension benefits and those to collect damages in a pension dispute, a federal judge has given a former JP Morgan Chase...

A federal district court judge has consolidated lawsuits that have been filed against Bear Stearns Companies Inc. since its collapse last year.

The law firm of Stember Feinstein Doyle&Payne, LLC, is investigating conduct that it believes might have caused losses to the KV Pharmaceutical Company Profit Sharing Plan and Trust.

A former employee of Boston Scientific Corp., who dropped out of a previous lawsuit before it was dismissed, has filed a new lawsuit alleging the company breached its...

A Florida law that went into effect January 1 includes stronger suitability requirements that agents must meet when selling an annuity to a consumer.

The Certified Financial Planner Board of Standards, Inc. (CFP Board), is looking for public comment about proposed revisions to its Disciplinary Rules and Procedures.

A federal judge in Ohio has reversed course on a company stock suit filed by former Owens-Corning employees with a new ruling that the suit was filed too...

Merrill Lynch&Co. Inc. agreed Tuesday to pay $1.55 million to settle a lawsuit claiming discrimination in the firing of an analyst because he was an Iranian Muslim, Reuters...

Ringing out the old year, today the U. S. Department of Labor (DoL) has unveiled another final regulation.