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Retirement and uninsured medical expenses are the most pressing financial concerns for Americans, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

A new CEO at Hatteras Funds, Fidelity hires in Canada, and more executive changes for the last week of April.

The SPARK Institute filed a comment letter Thursday on the Employee Benefits Security Administration’s proposed guidance on 401(k) investment advice. SPARK’s concern is Department of Labor’s attempt to define acceptable investment practices and theory, instead of leaving the decision on what type of advice to offer, be it computer- or adviser-based, to plan sponsors and administrators.

WASHINGTON—Although some of the “most profound” proposals in regulatory reform made during the wake of the economic collapse are now not likely to happen, Richard Ketchum, chairman and CEO of the Financial Industry Regulatory Authority said Thursday that the financial services industry still has a responsibility to act aggressively at detecting fraud before it’s cleaning up the mess at the end.

Although some of the “most profound” proposals in regulatory reform made during the wake of the economic collapse are now not likely to happen, FINRA's Ketchum said the financial services industry has a responsibility to act aggressively at detecting fraud before it cleans up the mess at the end.

A terrible January paved the way for an okay February, but green shoots are starting to appear, Kehrer-LIMRA’s Stathis said.

Retirement and uninsured medical expenses are the most pressing financial concerns for Americans, according to a survey conducted for the American Institute of CPAs by Harris Interactive.

States will likely face rising costs due to federal health care reform over the long term, Moody’s Investors Service said in a report released this week.

A federal judge in Manhattan has ruled that a group of 11 California localities, including Los Angeles, may go forward with their civil cases against Goldman, Sachs & Co., Citigroup, and several other high-profile firms because they may have participated in an alleged conspiracy to rig bids for municipal investment contracts and derivatives.

Investor confidence among millionaire rose to its highest level in more than two years as optimism about the economy increased.

Most of the trades involved a single penny-stock company.

Nearly half of alternative investors surveyed by Brighton House Associates said they were interested in hedge funds following global macro trends because of its broad economic approach and highly liquid structure.

Sen. Kohl applauds DOL, SEC providing more information to employers and investors alike.

French bank wants to become a tier-one prime broker

The Department of Labor announced that beginning in August, it will require asset management firms to provide further information on the risks and benefits of investing in target-date funds, including details on their glidepaths, to employers and employees.

Seven of 10 employed individuals have given up on the idea of retirement, according to the 2010 EBRI Retirement Confidence Survey.

Fidelity Investments has hired William J. Henderson as chief executive officer of Fidelity Clearing Canada., reporting to National Financial President Sanjiv Mirchandani.

Overall sales of annuities through bank holding companies rose 0.5% to $2.62 billion last year, but the results were somewhat skewed.

Seven of 10 workers expect they’ll need a job in retirement; only 23% of retirees currently have jobs.

Bernie Madoff's legacy is still influencing the regulatory community.