Practice

Evidently, less is not more when it comes to investment advice in 401(k) plans.

In retirement, employees will need 15.7 times their final pay when factoring in inflation and postretirement medical costs, according to a study by Hewitt Associates.

New rules and technology, trends among Baby Boomers and the Great Recession have led to a burst in Roth individual retirement account conversions.

As the Securities and Exchange Commission is moving quickly to impose new regulations on derivatives in mutual and exchange-traded funds, it is important to know that derivatives have become an important tool, said F. William McNabb II, president and chief executive officer of Vanguard Group.

The Securities and Exchange Commission's (SEC) suit against Goldman Sachs centers on the allegation that the Wall Street firm failed to disclose to investors the role an opportunistic hedge fund, Paulson & Co., played in choosing the assets underlying a CDO, before betting against it.

WASHINGTON—The Financial Industry Regulatory Authority is preparing to take enforcement action against certain firms for selling municipal bonds to retail customers without disclosing material information, including that the bonds’ credit ratings had been spiraling downward, a FINRA official said Thursday.

PALM DESERT, Calif.—The Securities Industry and Financial Markets Association is in discussions with the Securities and Exchange Commission and the Financial Industry Regulatory Authority to establish the first-ever licensing, training and continuing education program for operations executives at financial firms.

In the aftermath of the global recession, regulators from developed nations are working with financial industry leaders to build a new foundation for a more balanced global economy less susceptible to worldwide crises.

Donohue: ‘We are moving quickly.’

Agencies tell investors to look at glidepaths, performance, risks, fees and underlying investments.