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As many as 31 states could see their pension plan assets dry up by 2030, this according to a new study from the Kellogg School of Management at Northwestern University.

Executive changes for the week of Aug. 16.

Christian Widen has been named senior vice president of RBC Advisor Services

Two day traders have been arrested by Norwegian police for allegedly cracking an algorithm of US brokerage firm Timber Hill. The traders were purpoted be trying to manipulate the stock prices of three companies listed on the Oslo Stock Exchange.

The Investment Company Institute reported Wednesday that $5.96 billion were added to mutual funds in the week ended August 11. But U.S. equity funds continued to lose ground for a fifth straight week.

Bank of America Merrill Lynch is set to pay $2.5 million in restitution and fines after failing to provide discounts to customers on a certain type of redeemable security, the brokerage industry's primary regulator said on Wednesday.

The new municipal underwriting group at U.S. Bancorp Investments continues to expand its ranks, adding Leon Bijou as the group's in-house legal counsel last week and securing Bill Bingham to oversee fixed-rate trading this fall.

The Securities and Exchange Commission today for the first time charged a state–New Jersey–with violating securities fraud laws by failing to disclose to bond investors that it was underfunding its two largest pension plans.

BNP Paribas said Tuesday it has named Edward Speal head of global equities and commodity derivatives Americas, Lionel Crassier head of equities Americas, and Dan Cozine head of Structured Finance Americas. In addition Chris Innes has joined as head of equity flow and financing sales for the Americas.

Bank of America Merrill Lynch global research hired Michelle Meyer on the developed markets economics research team as senior U.S. economist.

Bank of America Merrill Lynch is set to pay $2.5 million in restitution and fines after failing to provide discounts to customers on a certain type of redeemable security, the brokerage industry's primary regulator said on Wednesday.

BNP Paribas has pushed to reorganize its corporate and investment banking business in the Americas by making some key staffing swaps within equities, derivatives and structured finance, the firm said yesterday.

Money manager Stanley Druckenmiller, who at one point helped devalue the British pound, is shutting down his investment advisory firm Duquesne Capital Management, after 30 years.

On Tuesday Northern Trust's asset management arm, Northern Trust Global Investments, launched a Frontier Markets index fund for institutional investors with exposure to under-represented regions such as Eastern Europe, Africa and the Middle East, as well as a Asia and the Americas.

For all those young investors out there who are willing to take more risk with their retirement plans because of their longer time horizon, Vanguard has a new fund for you.

Keefe, Bruyette & Woods says despite modestly negative growth trends in long-term funds, the second quarter was not too bad.

While broker-dealers want to manage client assets at the home-office level, advisors want more control of clients’ asset allocation.

The Municipal Securities Rulemaking Board Tuesday said it is contemplating a rule change that would prohibit dealers from underwriting new negotiated or competitive bond issues if they served as the issuer's financial adviser on the transaction.

Due to the current complexities surrounding various investment vehicles and their increased due diligence provisions, endowments and foundations are mulling over the possibility to implement an outsourced CIO model, a new SEI study claims.

The Securities and Exchange Commission is asking the Town of West Warwick, R.I. to fork over documents relating to its pension board’s previous actions.