CalPERS May Cut Its Projected Rate-of-Return

The giant pension fund’s potential decision to slash its rate of return could force California governments to struggle paying millions more each year to provide employees with pensions.

SEC Restricts Short Sales

Hoping to restore investor confidence, the regulator passes an “alternative uptick rule” after more than a year of debate.

Insider: Flash Ban Likely, but Volcker “Unworkable”

The US Congress and the Securities and Exchange Commission (SEC) could be close to passing legislation and rules that will, among other developments, eliminate flash trading and institute ‘circuit breakers’ for short-sellers, according to financial policy specialist Joseph Engelhard.