Compliance

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.

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...