The Staples office supply company has been cleared of wrongdoing in refusing to allow an ex-employee the right to exercise his stock options after he was fired for...
Two proposed regulations released Thursday from the Department of Labor (DoL) include a model for advisers to satisfy the fee disclosure requirement for independent retirement account (IRA) and...
In a continuing trend of federal court rulings backing cash balance plans, the 9th U.S. Circuit Court of Appeals has ruled the plans do not discriminate against older...
A Massachusetts plumbing and air conditioning supply company sued State Street over allegations it misrepresented a bond fund ultimately invested in mortgage-backed securities as a low-risk 401(k) investment...
Putnam Investment Management, LLC, will pay the first distribution of $40 million to compensate its mutual fund investors affected by undisclosed market timing and excessive short-term trading.
The Internal Revenue Service (IRS) released an in-depth rewrite of its correction programs for retirement plan sponsors who have not complied with tax laws for a period of...
A federal judge today granted final approval to Citigroup Inc.'s $33 million settlement to resolve a gender bias lawsuit against its Smith Barney unit, Reuters reports.
UBS today announced a comprehensive settlement, in principle, for all clients holding auction-rate securities (ARS), for an estimated cost of $900 million.