Compliance

The value and number of federal securities class action settlements declined in 2008, according to a report by Cornerstone Research.

Attorney General Andrew Cuomo again took a stab at Bank of America (BoA) for not releasing data about bonuses paid to Merrill Lynch&Co. executives.

Bernard L. Madoff, the alleged orchestrator of a $50-billion Ponzi scheme, is scheduled to plead guilty to 11 felony charges Thursday.

The U.S. Department of Labor has reached a settlement agreement with Consulting Services Group (CSG) of Memphis, Tennessee, and its affiliated broker/dealer, which provides for fee restitution to...

The U.S. Supreme Court agreed to consider whether the level of fees paid to investment advisers to mutual fund companies can violate the Investment Company Act.

Another employer hit with a 401(k) excess fee suit has walked off with a decisive victory.

Merrill Lynch has sued Deutsche Bank, calling its poaching of a group of 12 employees that had collectively 'generated tens of millions of dollars in annual revenues for...

The Financial Industry Regulatory Authority (FINRA) said it learned from recent scandals and aims to make its process for whistleblower tips more efficient.

In his continuing investigation into the bonuses paid out to Merrill Lynch executives before its acquisition by Bank of America (BoA), New York Attorney General Andrew Cuomo has...

The U.S. District Court for the Southern District of Ohio ruled that retirement plan participants did not prove that Fifth Third Bancorp breached its fiduciary duties by continuing...

Federal prosecutors have charged the former controller of one of Boston’s largest investment firms of diverting funds from the company’s retirement plan—to bank accounts linked to an adult...

The New York Attorney General’s office has subpoenaed Bank of America (BoA) for a list of employees' bonuses, according to reports.

President Barack Obama’s budget blueprint released on Thursday includes proposals for an automatic IRA plan for workers and an expansion of the Saver’s Credit.

The U.S. Senate Special Committee on Aging held a hearing about the economic downturn’s effect on retirement security, particularly for those who are on the brink of retirement.

Two managing general partners of WG Trading Co. of Greenwich, Connecticut, have been charged with running an estimated $550 million investment fraud.

The nation has a new Secretary of Labor.

While individuals speaking during the U.S. House Education and Labor Committee’s hearing on “Strengthening Worker Retirement Security″ described the nation’s retirement system as being “in peril,″ lawmakers were...

A representative of several business groups testified before a state legislative committee Tuesday to oppose a proposal for the state of Connecticut to sponsor a 401(k) plan for...

The Internal Revenue Service (IRS) Tuesday published final rules relating to automatic contribution arrangements to reflect provisions of the Pension Protection Act and the Worker, Retiree and Employer...

New York's attorney general filed a court motion on Monday to force former Merrill Lynch CEO John Thain to discuss $4 billion in employee bonuses, according to a...