Compliance

Congressman Dennis Kucinich (D-Ohio) on Monday urged the U.S. Securities and Exchange Commission (SEC) to determine if Merrill Lynch bonuses violated securities laws, according to a news report.

U.S. Congressman Earl Pomeroy (D-North Dakota) has introduced legislation that would make changes to the Saver’s Credit.

A federal judge in New Jersey has approved a $1 million settlement in a long-standing legal battle waged by a group of former Prudential Financial advisers over whether...

The U.S. House, by a voice vote, has passed the Federal Retirement Reform Act of 2009.

Those in Washington are asking fundamental questions about the retirement plan industry—questions that have not been asked in a long time, including “whether what we do works,″ said...

A ruling by a federal judge in the U.S. District Court for the District of Minnesota splits the district on the issue of whether cashed-out retirement plan participants...

The U.S. District Court for the District of New Jersey has refused to issue summary judgment for Merck&Co. on claims the drugmaker breached its fiduciary duties by continuing...

The U.S. Department of Labor (DoL) is suing former National Football League (NFL) player Michael Vick and his former financial advisers alleging violations of federal employee benefits law.

President Barack Obama on Wednesday nominated Phyllis Borzi for the position of assistant secretary of Labor, Employee Benefits Security, to head the Department of Labor's Employee Benefits Security...

A Houston law firm has cast a wide net looking for participants who want to sue their employers for a breach of their fiduciary duty.

The Financial Industry Regulatory Authority (FINRA) said it fined Morgan Stanley&Co. for failing to prevent brokers from violating FINRA rules for IRA rollovers/retirement accounts.

A substantial majority of retirement plan service providers are unsure about how to comply with the new Form 5500 Schedule C reporting requirements, according to a recent survey...

A federal judge ruled that State Street Bank and Trust Co. was acting within its scope as a directed 401(k) trustee in its 1985 Delphi Corp. stock sales...

A group of Republican Congressmen have proposed a plan they say offers a shot in the arm for American savings.

At a recent House hearing, speakers affirmed the need for independent financial advice.