Practice

Even though 68% of workers are saving for retirement, nearly half, 46%, have less than $10,000 saved for retirement, and 50% are not confident they will have enough money to live comfortably in retirement, a survey by the Employee Benefits Research Institute found.

UBS will pay up $2.5 million in fines and $8.25 million in restitution for allegedly botched sales of Lehman Brothers principal protection notes.

Blogs, LinkedIn, Twitter? You’ll need a different writing style to succeed online.

T. Rowe Price suggests many boomers planning early retirement would be better off working through their 60s and saving less.

A majority of Americans find retirement planning confusing and want additional help, a study by the ING Retirement Research Institute conducted by the Boston Consulting Group found.

The nation's stock exchanges and the Financial Industry Regulatory Authority Wednesday filed a proposal with the Securities and Exchange Commission to establish a new "limit up-limit down" mechanism that would limit swings in stock prices, during periods of volatility. Under the proposal, trades in listed stocks would have to be executed within a range tied to recent prices for that security.

Wells Fargo Securities will pay $11 million in penalties for misrepresenting—and overcharging for—two complex debt products tied to housing industry performance. The penalties were related to “misconduct in the sale” of two collateralized debt obligations, when the housing market was beginning to swoon in late 2006 and 2007. The conduct by Wachovia Capital Markets, as the unit then was known, violated securities laws in two ways, the SEC said.

An Oregon CPA has pleaded guilty to charges of conspiracy to commit wire fraud and conspiracy to commit money laundering with his business, misusing over $44 million of customer funds and causing 91 of his customers to lose $13.7 million.

Forget satisfying lifestyle choices: Many investors will have to adjust their retirement expectations just to secure the necessities, according to a study by Sun Life.

“These customers are seeing their parents struggle,” an executive at Fidelity said. “I think that is making it poignant for them; they need to have a bigger focus on savings.”