Practice

The average 401(k) participant needs to work until age 73 to be able to afford retirement, according to an analysis of 10,000 accounts by employee benefits consulting firm Nyhart.

As the economy and client demand recover, broker-dealers aim to sign up new advisors

For the first time since significant mortgage servicing problems came to light, federal regulators called on Congress Wednesday to establish national standards for the foreclosure process.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

In the end, solutions must be broadly equitable in the broadest sense.

James Hertz, a former vice president and marketer in JPMorgan’s municipal derivatives group, pleaded guilty Tuesday to three criminal counts for engaging in bid-rigging and fraud conspiracies connected with guaranteed investment contracts and other municipal finance agreements, the Justice Department announced.

The London Stock Exchange Group said UBS AG became the first international bank to begin directly reporting market data usage, in real time.

The Securities and Exchange Commission’s insider trading sweep leaped across the Atlantic Ocean, with a former tax partner at Deloitte LLP charged with leaking confidential information on potential mergers to family members in London.

The Securities and Exchange Commission has set the timetable and ground rules for when and how some mid-sized investment advisors can deregister with the federal regulatory agency and be overseen by state regulators.

State Street said it will cut 5% of its work force, as it accelerates its investment in new technologies such as "private processing clouds."