Legal

A St. Louis district court will begin to hear participants arguments that the second largest 401(k) plan in the country violated its fiduciary obligations under the Employee Retirement Income Security Act.

An appeals court has upheld a ruling for Verizon Communications in a case that called into the question the legality of pension annuity buyouts.

The Financial Services Institute disputed the Department of Labor's cost analysis of the proposed fiduciary rule.

PriceWaterhouse Coopers analysts say the DOL fiduciary rule will be finalized early next year. But before that, the DOL will have significant work refining the proposals exemptions and carve outs.

Don Trone testified that he opposed the DOL fiduciary rule and that it wouldn't have stopped Ponzi schemer Madoff.

Citigroup units made false and misleading statements to investors about the funds, the SEC said. In settling the matter, Citigroup neither admitted nor denied the SECs allegations.