Legal

Last week, the city sued to cancel more than $1.4 billion in pension debt underlying the swaps.

At a time when the nations legislative wheels seem mired in partisanship, the last week of January turned out to be a busy one for retirement plan proposals.

A proposal last week from Detroit Emergency Manager Kevyn Orr would pay pensioners at more than twice the rate of some bondholders.

How can we expect a government to regulate the fiduciary standard when it flagrantly violates the fiduciary standard?

The complaint alleges that S&P used guesses and magic numbers to inflate ratings of mortgage-backed securities purchased by the California Public Employees Retirement System and the states teacher pension fund.

In 2013, the DOL collected $1.69 billion in fines, voluntary fiduciary corrections and informal complaint resolutions, a 33 percent increase over 2012s $1.27 billion tab.