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The Securities and Exchange Commission plans to issue a proposed rule on money market funds in very short order, said SEC Chairman Mary Schapiro on Monday, which would reduce the funds susceptibility to runs.

President Barack Obama's campaign-style drive for another batch of economic stimulus spending is facing defeat yet again at the hands of Republicans in the Senate.

The U.S. Department of Labors Employee Benefits Security Administration and the Securities and Exchange Commission announced that information the EBSA requires plan administrators to give to plan participants or beneficiaries under its participant-level fee disclosure regulation will satisfy the requirements of Rule 482 under the Securities Act of 1933.

BrightScope, Inc. has put on hold plans to launch an online forum where consumers can write reviews about their financial advisers.

The Department of Labor plans to repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA) shortly after the first of the year, Phyllis Borzi, assistant secretary for DOLs Employee Benefits Security Administration (EBSA), told a group of retirement plan specialists on Tuesday.

Health insurers and HMOs will have to put a larger share of the money they collect from consumers into medical care under a new medical loss ratio (MLR) law that goes into effect Jan. 1, one of 10 new California Department of Insurance (CDI) bills signed by the governor recently.

These are not the best of times for the great U.S. mutual fund industry.

Bowing to pressure from members of Congress, industry groups, and the public, the Department of Labors Employee Benefits Security Administration (EBSA) said Monday it would repropose its controversial rule amending the definition of fiduciary under the Employee Retirement Income Security Act (ERISA).