Compliance

Plans may soften the blow of failures, but not fix the problem

Morningstar said that Footnoted’s free site “has become a must-read for professional money managers and analysts, as well as sophisticated individual investors.”

WASHINGTON — A federal judge in New York Monday said he will not decide until Feb. 19 whether to accept the Securities and Exchange Commission settlement with Bank of America over allegations it misled shareholders and the federal government about its merger with Merrill Lynch.

An industry group developing best practices for 403(b) retirement plans is coming closer to streamlining these plans to make them even more similar to 401(k) plans, but first they will have to get everyone to agree to speak the same language.

Investors are about to test drive 401(k) plans with a 21st Century whole new look and feel.

Would Work on Public Pension Unit

Dodd presses ahead without Shelby, but can he succeed?

Investors are about to test drive 401(k) plans with a 21st Century whole new look and feel.

Could the "Volcker rule" be having an influence already?

According to the lawsuit, Bank of America’s management intentionally failed to disclose massive losses at Merrill before shareholders approved the acquisition.

The settlements with Securities and Exchange Commission, the Massachusetts Attorney General and the Massachusetts Securities Division of the Office of the Secretary of State resolves investigations into losses from certain active fixed-income strategies managed by State Street Global Advisors.

WASHINGTON — In a speech that amounted to a repudiation of congressional efforts to transform the regulatory system for banks, Federal Reserve Board Gov. Kevin Warsh suggested Wednesday that lawmakers were preoccupied by side issues.

WASHINGTON — New initiatives from the Obama administration, including plans to tax large institutions and ban them from proprietary trading, and to offer community banks incentives to increase small-business lending, have run into a wall on Capitol Hill.

The Department of Labor’s new rules for advice in 401(k) plans are currently under review at the Office of Management and Budget and could be released as early as the end of the month.

The company was ordered to pay $12.1 million after being found liable for raiding AG Edwards branches.

Lawmakers sharply criticized the Obama administration's proposed bank tax on Tuesday, telling Treasury Secretary Tim Geithner it is unfair and counterproductive.

WASHINGTON — An Obama administration push to ban banks from proprietary trading and limit their growth suffered a setback Tuesday as lawmakers from both parties raised concerns that the so-called "Volcker Rule" would have done little to nothing to prevent the financial crisis.

Companies cite defensive moves ahead of rate rise

The Labor and Treasury Departments have issued a request for information to determine whether annuities belong in 401(k)s. Specifically, the agencies want to know the benefits and the drawbacks to receiving retirement income in installments.

Most RIAs don’t see any lost competitive advantage if a fiduciary standard is required for everyone