Compliance

BISYS Group, Inc. has agreed to a $25 million settlement with the Securities and Exchange Commission (SEC) over charges that the financial services provider used improper accounting practices...

Although the ruling in Financial Planning Association v. SEC was set to go into effect today, the Securities and Exchange Commission (SEC) has filed a stay, asking for...

Five black current and former employees of Bank of America Corp. filed a discrimination suit Thursday against the bank, alleging that it assigns its black employees to primarily...

The Securities and Exchange Commission has decided not to challenge a controversial court decision regarding broker registration.

Legislation reintroduced into the U.S. Senate aims to prompt greater retirement planning for women.

Employers without retirement plans would be required to establish an automatic payroll deduction program to an individual retirement account (IRA) under new legislation.

Newly issued rules on the taxation of distributions from Roth 401(k) accounts keep many provisions of the proposed version of the regulations.

Current and former customers of Edward D. Jones&Co. customers who were “victims″ of the firm’s failure to adequately disclose revenue payments from a select group of mutual fund...

Mutual fund investors dinged by the fund trading scandal are getting ready to get some pay back.

Morgan Stanley has agreed to pay $46 million to settle a gender bias lawsuit brought last June by thousands of female advisers.

The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration will tomorrow publish a "request for information" (RFI) in the Federal Register asking for proposals on how to...

A former corporate actions clerk at ING Financial Services was arrested Thursday on federal wire fraud charges for his part in an embezzlement scheme related to client dividend...

The Securities and Exchange Commission (SEC) this year plans to turn its attention to fees paid, and how they are disclosed, to 401(k) plan investors, according to Chairman...

The Treasury Department and the Internal Revenue Service (IRS) have issued final regulations for the application of Section 409A on Nonqualified Deferred Compensation Plans.

A federal judge threw out an antitrust lawsuit against dozens of insurance brokers and insurers at some of the largest U.S. firms by policyholders who claimed that the...

Sooner or later in your career, you are exposed to the 80/20 rule or, as purists term it, the Pareto principle.

The Securities and Exchange Commission’s (SEC) rule exempting certain broker-dealers who offer investment planning advice from strict disclosure requirements was overturned Friday.

The New York Court of Appeals ruled that the notices employers must provide to the National Association of Securities Dealers (NASD) when they terminate an employee cannot be...

Rejecting Merrill Lynch’s requests to throw out the award, a federal judge upheld a $14 million award to three former Merrill Lynch brokers fired over allegations of improper...

Nearly all recordkeepers say they’ll be ready for the Securities and Exchange Commission's (SEC) Rule 22c-2 deadline of April 16.