SEC Bans Shorts of 799 Financial Stocks

In an effort to boost investor confidence in the face of a market crisis, federal securities regulators took the dramatic step Friday of temporarily haulting short-selling in nearly 800 financial stocks.

GAO Calls for Simplified IRA Rules

A Congressional watchdog agency has recommended the Internal Revenue Service (IRS) simplify its individual retirement account (IRA) rules so more people can take advantage of the tax-sheltered savings vehicle.

EBSA Clarifies Investment Advice Regulations

Two proposed regulations released Thursday from the Department of Labor (DoL) include a model for advisers to satisfy the fee disclosure requirement for independent retirement account (IRA) and 401(k) investment advice.

Court Upholds Cash Balance Plan Designs

In a continuing trend of federal court rulings backing cash balance plans, the 9th U.S. Circuit Court of Appeals has ruled the plans do not discriminate against older workers in favor of their younger counterparts.