An annual report by the Social Security and Medicare Board of Trustees indicates the financial downturn has worsened the long-range financial outlook of the system.
A federal judge in California has rebuffed demands from JP Morgan Chase and Co. that it dismiss a lawsuit alleging mistakes that could imperil the tax-favored status of...
A group of General Motors defined contribution plan participants cannot proceed with their lawsuit claiming GM had improperly included undiversified single-equity funds in its plans.
Marsh&McLennan Cos. Inc. agreed Wednesday to pay $2.4 million to settle bid-rigging and client-steering charges leveled by Connecticut Attorney General Richard Blumenthal.
The Financial Industry Regulatory Authority (FINRA) said it entered settlements with four more firms relating to the sale of auction rate securities (ARS).
While federal securities regulators have made progress in working out internal organizational kinks, the U.S. Securities and Exchange Commission (SEC) still has a way to go before reaching...
Speaking at the Mutual Fund Directors Forum Annual Policy Conference in Washington, Securities and Exchange Commission (SEC) Chairman Mary Schapiro said she is “committed to a meaningful and...
Securities suits filed in the first quarter of 2009 were up significantly from the year before, with Bernard Madoff-related suits counting for a large chunk of them.
A federal judge in South Florida has thrown out virtually all of the allegations leveled against U.S. Sugar Corp. of Clewiston, Florida, in a class action lawsuit.
JPMorgan Chase&Co. did not violate the Employee Retirement Income Security Act (ERISA) with its 1989 conversion to a cash balance pension plan and subsequent plan amendments, a court...
The Financial Industry Regulatory Authority (FINRA) said it fined Centaurus Financial, Inc. (CFI) $175,000 for its failure to protect certain confidential customer information.
The Financial Industry Regulatory Authority (FINRA) is proposing a major expansion of its BrokerCheck service—to make records of final regulatory actions against brokers permanently available to the public,...