Compliance

A Savannah, Georgia, attorney has pled guilty to obstruction of justice related to a U.S. Department of Labor (DoL) investigation of the retirement plans of his law firm.

The Securities and Exchange Commission has charged a Houston-based broker with engaging in “unauthorized and unsuitable” trading on behalf of two Florida municipalities.

Ponzi was a huge buzz word in 2009, during which we saw almost four times as many investment scams fall apart as in 2008, the AP reported.

The Financial Industry Regulatory Authority (FINRA) is telling investors to watch out for green energy investment scams.

The self-proclaimed “Sam Spade of Money Management” is taking a former client to court.

After imposing a withdrawal queue on distributions from a real estate fund, The Principal Financial Group now finds itself targeted with a participant lawsuit.

New Jersey's public pension funds spent $166 million on brokerage commissions, advisers' fees, and other administrative costs during the last fiscal year, including $5 million it didn't need...

Michael Vick’s former financial advisers won’t be working with ERISA plans anymore.

A bill has been introduced in the U.S. House that would change how qualified retirement plans perform non-discrimination testing.

While it’s hardly a unique occurrence these days, a law firm is reaching out to 401(k) participants in a potential “stock-drop” suit.

The National Association of Personal Financial Advisors (NAPFA) is advocating for reform of 12b-1 fees.

OppenheimerFunds, Inc., and the state of Illinois have reached an agreement to resolve the state's investigation into the management of its Bright Start College Savings Program.

A federal judge has moved forward claims by Kraft Foods Global employees that retirement plan fiduciaries breached their duties by offering investment options that underperformed and charged excessive...

A federal court has moved forward claims that fiduciaries for the Tribune Company Employee Stock Ownership Plan (ESOP) breached their duty to the plan when real estate investor...

A California court set aside a suit by a financial planner alleging that American International Group Inc’s risky business harmed her clients, Dow Jones reported.

The Securities and Exchange Commission (SEC) has adopted Bernard Madoff-inspired rules that make it more difficult for investment advisers to custody their clients’ assets.

Regulators might already be taking a harder look at target-date funds, but it now looks as though Congress will get into the mix as well.

Next month employers and plan fiduciaries in the Los Angeles, California area will get a chance to better understand their fiduciary responsibilities.

When the Internal Revenue Service (IRS) put about 50 Form 5500 filings to the test recently, the plans filing the annual reports flunked on one major issue—buying enough...

With one eye cast toward the recent closely watched excessive fee case Hecker v. Deere & Co., a federal judge in Illinois has thrown out a similar participant...