Investors Are Getting Ripped Off on Index Fund Fees, Lawsuits Say
New York Life employees allege that its MainStay S&P 500 index fund in their 401(k) has much higher fees than comparable index funds.
Social Security Bill Would Raise Retirement Age, Slow COLAs
The Save Our Social Security Act employs a combination of revenues, benefit adjustments and raising the retirement age while preserving early retirement.
Sometimes It's Hard for Owners to Talk to Companies
Why the U.S. Justice Department is casting a wary eye on public company executives talking to individual shareholders.
Enforcement: Raymond James Fined $1.45M in Vermont Immigrant Visa Case
In another action, the New Jersey Bureau of Securities revoked a broker's registration after it found that he manipulated bond trades.
The SEC Investor Advocate’s View Askew: The Illusion of Fee Disclosure
What’s missing in the SEC report are the costs to investors of recommendations by “advisors” who do not have a fiduciary duty.
HSBC Bankers Are First Individuals Charged in Currency Case
Executive Mark Johnson was arrested at Kennedy Airport Tuesday in New York.
DOL Overstepped Its Authority With Fiduciary Rule, US Chamber Tells Judge
In motion for summary judgment, the U.S. Chamber of Commerce says DOL has no authority to regulate IRAs; an investor attorneys' group begs to differ.
Lending to Poor People Didn't Cause the Financial Crisis
Two Trump advisors lay the blame for the credit crisis and Great Recession on the Community Reinvestment Act of 1977. The reality is different.
Prudential Annuities Failed to Stop $1.3M Theft From Elderly Client
Prudential failed to adequately respond to red flags that "allowed an unscrupulous actor to prey on an elderly customer," said FINRA enforcement chief Bennett.
SEC Talks Crowdfunding, Grapples With Accredited Investor Rules
More than 60 offerings have been held since the crowdfunding rule took effect in May, said SEC chief Mary Jo White.