Compliance

The Select Sector SPDR Trust has sued a competitor for “creating investor confusion” by using ETF ticker symbols it says are “astoundingly similar” to those...

New York state Comptroller Thomas DiNapoli has filed separate suits against Bank of America (BofA) and its Merrill Lynch unit for losses connected with BofA’s purchase of Merrill...

As if there wasn’t enough uncertainty swirling around the financial services industry at present, the Securities and Exchange Commission (SEC) wants to make changes to...

Certain provisions of the financial reform legislation approved by the U.S. Senate last week may affect financial advisers.  

Last week the Department of Labor released its “interim final regulation” under ERISA Section 408(b)(2) related to the disclosure of fees by service providers.

A federal judge in Ohio ruled that a 401(k) profit-sharing plan and two participants can press forward with their lawsuit alleging that Principal Life Insurance Co. breached its...

 A retirement services industry group has sent a letter to federal officials urging they put off the deadline for filing the Form 5500 and 5500SF for the 2009...

After months of anticipation, the Department of Labor (DoL) has released its interim final rule on fee disclosure.

The U.S. Department of Labor’s Employee Benefits Security Administration (EBSA) is taking its “Getting It Right – Know Your Fiduciary Responsibilities” seminar to Indianapolis. 

A business owner in Holyoke, Massachusetts, has pleaded guilty to embezzling $45,000 from his employees' retirement plan.

A former participant in the 401(k) and employee stock ownership plan (ESOP) of a now-defunct Lincoln, Nebraska-based bank has filed a stock drop lawsuit against the plans' fiduciaries. 

Federal officials are investigating Franklin, Tennessee-based Sommet Group for allegations of stealing and embezzling money intended for employee benefit plans.

 A CPA has been disbarred after the government found he failed to exercise due diligence in preparing tax returns for a corporation and its married shareholders. 

Retirement plan participants can move forward in their stock drop suit against drugmaker Schering-Plough after bringing forth new evidence.

Stull, Stull & Brody has started an investigation relating to the 401(k) defined contribution retirement plans of Anadarko Petroleum Corporation.

Lawyers representing U.S. Department of Labor Secretary Hilda L. Solis have argued that the holding of company stock in a defined contribution plan is not entitled to a presumption of prudence.