Legal

The American Benefits Council told the Securities and Exchange Commission in a letter this week that it believes proposed changes to how money market funds are regulated will have a negative effect on work-sponsored retirement plans and workers ability to prepare for retirement.

Although the SEC has given a temporary pass to broker-dealers on complying with Rule 13h-1, the Large Trader Rule, advisors must still comply if they qualify, which could mean more paperwork, depending on how they handle client securities.

Is it right to change the world with other people's money. In the case of New York City's Comptroller, some fiduciary questions arise.

While many in the investment community are worried about the increased regulatory climate and what it means for their business, many registered investment advisors are feeling confident that their model is the correct one.

Recession-plagued states diverted scarce money away from pensions to pay for more immediate concerns, leaving a $757 billion hole in the retirement funds covering millions of public employees, according to a study released this week.

Illinois and Rhode Island are the most troubled when it comes to supporting their pension obligations, but they're not alone.

Proposed cuts to retirement tax incentives will damage workers' retirement security, according to Brian Graff, CEO and executive director of the American Society of Pension Professionals & Actuaries.

A defunct electrical contractor in California has been ordered to restore nearly $571,000 to its 401(k) plan. The company placed money that should have gone into employee retirement accounts into the company's general fund instead.