Legal

The SEC is trying to track down $22 million that cant be accounted for.

While the ABA opposes a fiduciary role, Schroders has supported lobbying for it by the Association of Institutional Investors, whose members oversee more than $10 trillion in mutual funds, pensions and other accounts.

The bill directs the executive branch to create a public retirement savings plan for all Connecticut residents and businesses.

The announcement came as the judge handling the $18 billion bankruptcy case urged Detroit to resolve disputes with suburbs that rely on it for water and sewer services.

Yesterday, a committee of retirees announced that it had reached a deal with the city. Shortly after that, Detroit filed a new debt-cutting proposal, describing agreements with the two pension funds that operate the retirement plans for 30,000 active and retired municipal workers.

Stockton, Californias plan to fully pay employee pensions after leaving bankruptcy may lead to more unfilled potholes and unpaved streets, according to a Sonoma County citizens group.