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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.

GoodHaven Capital Management has launched the GoodHaven Fund, a no-load value fund with a go-anywhere mandate that includes fixed income and cash.

Destra Capital Management has expanded its lineup of funds that emphasize income and seek to minimize downside risk with the launch of the Preferred and Income Securities Fund, sub-advised by Flaherty and Crumrine, and the Focused Equity Fund, sub-advised by WestEnd Advisors.

Prudential Investments has launched three new fixed income funds: the Prudential Floating Rate Income Fund, the Prudential Absolute Return Bond Fund and the Prudential Emerging Markets Debt Local Currency Fund.

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.

With advisors and investors focused on tax season, Ed Slott returns to financial planning with some quick answers on Roth IRAs, required minimum distributions, and what all this means before (and after) April 18.

Sixty-five percent of Americans do not know what a hedge fund is, according to a survey by Thesis Fund Management.

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.

Kelli K. Hill has joined Sentinel Investments as vice president and co-manager of the Sentinel Capital Growth Fund, Sentinel Growth Leaders Fund and Sentinel Growth Opportunities Fund, working alongside Elizabeth R. Bramwell, senior vice president and lead portfolio manager of the funds.

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.

While most of the U.S. continues to endure sluggish or retreating housing prices and foreclosures still remain a persistent blight on the economic landscape, ultra high net worth individuals continue to fork over huge sums to garner real estate in most of the world's most exclusive enclaves.

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.

Rocker Ozzy Osbourne and his TV host wife Sharon are on the hook for roughly $1.7 million in back taxes and the IRS has placed a lien on their Los Angeles home.

Franklin Templeton, Loomis Sayles and State Street will be the sub-advisors.

The OCC closed the $187 million-asset Western Springs National Bank and Trust in Illinois Later, state regulators closed the $145 million-asset Nevada Commerce Bank.

Banks' old problems kept easing in the first quarter. Their new problems didn't. That's what analysts expect to hear from JPMorgan Chase & Co. and Bank of America Corp. this week as they kick off quarterly results.