Legal

SEC wants to use funds to add 316 examiners, 240 devoted solely to advisors.

A group of California mayors is opposing a pension-reform referendum that would empower them to reduce expenses while risking their support from unions.

Connecticut is one step closer to passing its Retirement for All CT bill or Senate Bill 249, which would create a public retirement option that would provide employers and workers with a low-risk alternative to plans offered by the insurance industry.

Thats so even if the plan meets all of the U.S. tax qualification requirements for coverage by PBGC insurance.

California got some good news recently when Assembly Speaker John Perez called upon lawmakers to act this year to find a solution to the states largest fiscal issue -- the $80 billion unfunded liability of the teacher pension system.

Prudential Financial Inc., the second-largest U.S. life insurer, said the New York Department of Financial Services told the company that it may not be holding enough reserves to back some savings products, known as variable annuities.