Practice

Opposing advocacy groups have unleashed new demands on the Securities and Exchange Commission in recent weeks, urging the agency to pay more attention to potential problems associated with new whistleblower rules.

One of the chief goals of the Dodd-Frank Act was to end the notion of "too big to fail," but months after the law's enactment, a debate persists over whether that goal will be met.

Retirees who started saving in their 30s have an average net worth of $1.1 million, while people who started saving in their 40s are worth an average $868,000, a Consumer Reports survey finds.

The $1 million figure that is frequently cited as the silver bullet needed to enjoy a comfortable retirement is actually attainable, Consumer Reports found in a recent survey of 24,270 online subscribers age 55 and up.

Deciding which financial firms beyond banks are systemically important is one of the biggest decisions still to be made by regulators under the Dodd-Frank Act.

Opposing advocacy groups complain that new whistleblower rules could allow too much internal corporate interference or provide whistleblowers with too much financial incentive.

Smaller financial advisors can build relationships and improve communication with this market segment by engaging them online and through their mobile devices with practical content that helps them make better financial decisions.

The Delaware company, currently in an acquisition deal with M&T Bank, added three senior wealth advisors from Boston Private.

New York Attorney General Andrew M. Cuomo filed a lawsuit against Ernst & Young LLP charging the accounting firm with helping Lehman Brothers Holdings engage in an accounting fraud masking the true state of its balance sheet.

The company said it has already taken appropriate provision for the fine, so payment won't affect current income.