Legal

The Department of Labor has issued a new regulation designed to improve access to expert investment advice for workers with 401(k) and individual retirement accounts.

The U.S. Department of Labors Advisory Council on Employee Welfare and Pension Benefit Plans, also known as the ERISA Advisory Council, will hold a public meeting on Nov. 8 and 9 at Labor Department headquarters, 200 Constitution Ave. NW, Washington, D.C. 20210.

The Internal Revenue Service announced cost of living adjustments that affect the dollar limits for pension plans and other retirement-related items for the 2012 tax year.

Hedge fund SAC Capital Advisors is being investigated by federal regulators for using inside information to profit from a health care takeover in 2009, the Wall Street Journal reported Thursday.

That didn't last long. About 55 million Social Security recipients will get their first increase in benefits next year since 2009 a 3.6 percent raise. But higher Medicare premiums could erase part of it.

Prudential Financial Inc. said Tuesday that it named David Hunt as CEO of its investment management business.