The wealthy and large institutional investors were not the only victims of the $50-billion Ponzi scheme orchestrated by Wall Street trader Bernard Madoff.
Due to new 403(b) regulations, plan sponsors and their advisers have faced the task of deciding on procedures for information-sharing to and from plan vendors.
President-elect Barack Obama is expected to tap U.S. Representative Hilda Solis (D-California) as the next Secretary of Labor, according to widespread media reports Thursday.
The U.S. Department of Labor Employee Benefits Security Administration (EBSA) recognized $1.2 billion in monetary results and helped spark 101 criminal indictments in fiscal year 2008, the agency...
President George Bush will sign into law a bill suspending a requirement that seniors take a required minimum distribution (RMD) from retirement accounts in 2009, the White House...
President-elect Barack Obama has reportedly chosen Mary Schapiro, CEO of the Financial Industry Regulatory Authority (FINRA), to chair the Securities and Exchange Commission.
The Securities and Exchange Commission (SEC) said eight former employees of Fidelity Investments’ equity trading desk will collectively pay more than $1 million to settle SEC charges for...
A day after U.S. House lawmakers unanimously approved a sweeping pension reform measure, the Senate followed suit on Thursday with its own unanimous approval of the bill.
A broad pension relief measure approved by U.S. House lawmakers—including a one-year stop on the required minimum distribution rules—also includes a variety of other measures sought by business...
Three financial planning organizations—Certified Financial Planner Board of Standards, Inc. (CFP), Financial Planning Association (FPA), and National Association of Personal Financial Advisors (NAPFA)—said they have come together to...