Legal

FINRA's Rule 2111 means more onerous due diligence requirements for BDs are surfacing as well as reps having to take on what looks to be fiduciary responsibility.

A Delaware judge has chastised attorneys for two large public employee retirement systems for rushing to court with lawsuits over allegations of bribery involving Wal-Mart's operations in Mexico.

Foreclosure-battled inland California cities are contemplating condemning pension-fund owned mortgages to save them; investors are outraged.

South Carolina Treasurer Curtis Loftis believes financial documents tied to investment decisions of the state's pension portfolio should be reviewed by more people.

A federal judge in Chicago has ordered the United Employee Benefit Fund in Northbrook to fix improper plan loans totaling more than $1.7 million.

JPMorgan Chase said Friday that a bad trade had cost the bank $5.8 billion this year, almost triple its original estimate, and raised the prospect that traders had improperly tried to conceal the blunder.