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A significant number of advisors who serve 401(k) plans will ramp up their retirement income planning practices over the next few years, according to a new report from Principal Financial, called the “2011 Best Practices in Retirement Income Planning Study.”

CBOE Stock Exchange said it agreed to acquire the National Stock Exchange, an all-electronic stock exchange now based in Jersey City, N.J.

The combined assets of the nation’s mutual funds decreased by $398 billion, or 3.3 percent, to $11.621 trillion in August, according to the Investment Company Institute.

The Dow Jones Industrial Average jumps 143.08 to 11,153.98 in a volatile trading session. Most of the gain came in the last 30 minutes of trading.

The combined assets of the nation’s mutual funds decreased by $398.0 billion, or 3.3%, to $11.621 trillion in August, the Investment Company Institute reported Thursday.

The Financial Industry Regulatory Authority has hit Raymond James & Associates and Raymond James Financial Services Inc. with an order to pay $1.69 million in restitution to more than 15,500 customers who were charged unfair commissions.

A significant number of advisers who serve 401(k) plans will ramp up their retirement income planning practices over the next few years, according to a new report from Principal Financial, called the “2011 Best Practices in Retirement Income Planning Study.”

Scout Investments has launched the Scout Unconstrained Bond Fund, which will invest across the entire fixed income universe—including investment grade, high-yield, governments, agencies, mortgage-backed, asset-backed and foreign markets.

A Long Island-based investment advisor repeatedly lied to investors to conceal the fact that his PIPE investment and trading strategy was failing during the financial crisis and stole more than $1 million in client assets to buy personal luxury items including a Lexus, a Mercedes and a Rolex watch, according to the SEC.

State Street Global Advisors has launched three new exchange-traded funds, the SPDR S&P Aerospace & Defense ETF, SPDR S&P Health Care Services and SPDR A&P Software & Services funds.