Legal

Two Republican House members sent a letter to the SEC questioning whether regulators should spend so much of their time conducting compliance examinations of private equity fund advisors.

A group of Federal Reserve officials would like the Securities and Exchange Commission to take another stab at proposed rule changes that would affect money market mutual funds.

The possible overpayments were made to 36,000 individuals who worked too many hours to qualify for disability payments, the audit said.

The Treasury Department had a hand in deciding which employees received their pension benefits and which did not as part of the Delphi Corp. bankruptcy, a federal inspector said this week.

The agency would like to reduce errors and improve the timeliness of reporting by requiring more magnetic media filing of retirement plan reports.

The SEC is shifting its attention from crimes related to the financial crisis to malfeasance in derivatives and other complicated financial instruments.