Legal

A bill that convincingly passed through Colorados House of Representatives authorizing up to $12 billion in Pension Obligation Bonds failed to make it out of that states Senate Finance Committee this week.

Investors not only dont know whether their financial advisors are fiduciaries, theyre not even sure what a fiduciary is.

Senators Elizabeth Warren and David Vitter introduced legislation to require the Federal Reserve Board of Governors to publicly record votes on enforcement actions that include $1 million or more in payments.

The Pension Benefit Guaranty Corp. has settled a claim with retired US Airways pilots for $5.25 million.

The second-term Republican congresswoman from Missouri has become the de facto tip-of-the-spear against the Department of Labors recently proposed conflict of interest rule.

A Towers Watson survey of of 160 sponsors that offer company stock in 401(k) plans shows more than a quarter already have begun eliminating the option from their plan.