Compliance

Two proposed regulations released Thursday from the Department of Labor (DoL) include a model for advisers to satisfy the fee disclosure requirement for independent retirement account (IRA) and...

In a continuing trend of federal court rulings backing cash balance plans, the 9th U.S. Circuit Court of Appeals has ruled the plans do not discriminate against older...

A Massachusetts plumbing and air conditioning supply company sued State Street over allegations it misrepresented a bond fund ultimately invested in mortgage-backed securities as a low-risk 401(k) investment...

Putnam Investment Management, LLC, will pay the first distribution of $40 million to compensate its mutual fund investors affected by undisclosed market timing and excessive short-term trading.

The Municipal Securities Rulemaking Board (MSRB) said it revised its exam for 529 college savings plan dealers.

The GAO says plan service providers—including advisers—should better disclose fiduciary and fee agreements.

The Securities and Exchange Commission (SEC) said Wachovia agreed to a preliminary settlement of $9 billion.

In a Nationwide case, a judge rules that fiduciaries can bring contribution and indemnification claims against co-fiduciaries under ERISA.

JPMorgan and Morgan Stanley settled lawsuits Thursday, while UBS was slapped with another one from New Hampshire regulators.

The Internal Revenue Service (IRS) released an in-depth rewrite of its correction programs for retirement plan sponsors who have not complied with tax laws for a period of...

A federal judge today granted final approval to Citigroup Inc.'s $33 million settlement to resolve a gender bias lawsuit against its Smith Barney unit, Reuters reports.

Fifth Third Bancorp has joined the ranks of plan sponsors hit with a participant stock-drop lawsuit.

UBS today announced a comprehensive settlement, in principle, for all clients holding auction-rate securities (ARS), for an estimated cost of $900 million.

Like most of you, I have found the soaring price of gasoline to be enormously frustrating.

The Massachusetts Secretary of the Commonwealth has charged Merrill Lynch&Co. with fraud over charges it marketed auction-rate securities while not accurately disclosing the potential market risks.