Legal

The Form 5500 offers a lot in its current form and no serious advisor would consider walking into a potential clients office without first having reviewed that companys 5500. But it could and should be made better.

Improvements can be made to better protect participants in managed accounts, the GAO says.

Peter A. Jenson admits he helped make it possible for the firm and its owner, Philip A. Falcone, to misappropriate millions of dollars from a hedge fund they managed.

The government agency will assume responsibility for the retirement benefits of 2,101 employees who worked for the late Victor Posner.

It says the Railroad Retirement Board's total and permanent disability program are vulnerable to fraud.

Leaders of the second-largest U.S. city failed to properly consult with municipal-employee unions before pushing through the changes in 2012.