Compliance

You can add another voice to the chorus of those calling for the Labor Department to backoff of its proposed fiduciary definition expansion – Congressman...

Star bond investor Jeffrey Gundlach was awarded $66.7 million by a jury over his separation from money management firm Trust Company of the West (TCW), reports Reuters.

UBS trader Kweku Adoboli appeared in a London court on Friday to face charges of fraud and false accounting, according to the Wall Street Journal. 

FINRA and industry groups are weighing in this week on Rep. Bachus’ (R-Alabama) draft proposal for a new self-regulatory organization (SRO) to oversee financial advisers.  

Witnesses before the Senate Finance Committee offered arguments against changing tax advantages for workers’ retirement plan savings.

The U.S. Department of Labor held a Webcast earlier this week to summarize its final fee disclosure regulations and answer questions on the rules.

U.S. Senator Bernie Sanders (D-Vermont) has introduced legislation designed to keep the social security program sound for another 75 years.

The Fifth Circuit U.S. Court of Appeals reversed a ruling that allowed John Young, a former trader at Merrill Lynch, to be awarded benefits from the firm’s “Long-Term...

The Department of Labor’s Employee Benefits Security Administration (EBSA) has issued an interim electronic disclosure policy for its participant fee disclosure regulations. 

Paying a lump-sum distribution from a cash balance plan that was half of what a participant would have received if the plan had not been terminated was...

The 3rd U.S. Circuit Court of Appeals has upheld a district court ruling dismissing charges that Unisys Corporation and Fidelity Management Trust Company caused participants in Unisys’ retirement...

A draft bill from House Financial Services Chairman Spencer Bachus (R-Alabama) calls for SEC-registered advisers to be transitioned from SEC regulation to a self-regulatory organization (SRO).

The U.S. District Court for the District of Rhode Island has given a mixed ruling to participants alleging breaches of Employee Retirement Income Security Act (ERISA) fiduciary duties...

The U.S. Department of Labor’s Employee Benefit Security Administration (EBSA) is hosting a Webcast to discuss the final rule on improving the transparency of fees and expenses for...

The Internal Revenue Service has updated its list of entities approved to serve as nonbank trustees or custodians for certain tax-advantaged savings accounts.

The Securities and Exchange Commission (SEC) wants to know what you think about the use of derivatives by mutual funds.

Two New York insurance agent and broker groups appealed a judge's decision upholding a state regulation that requires producers to disclose incentive compensation. 

The U.S. Department of Labor has sued trustees of a benefit fund for violating the Employee Retirement Income Security Act (ERISA) regarding loans issued from the fund.

The question of how broker/dealers (B/Ds) and registered investment advisers (RIAs) should be regulated will be discussed at a hearing on September 13 by a House of Representatives...

Taxpayers who unsuccessfully attempted to transfer amounts from their individual retirement accounts (IRAs) to a retirement plan based on incorrect advice from their financial adviser were granted 60...