California Settles with Morgan Stanley over Financial Crisis Losses
Recession-era mortgage-backed securities deals creates $150 million settlement for CalPERS, CalSTRS.
Regulation
SEC Charges Hedge Fund Manager with Misappropriation of $700K
Eric Lyons is accused of using ill-gotten funds to pay for luxury expenses for his family.
Texas Teachers Closer to Getting a Boost from State
New legislation seeks to shore up fund, give one-time check to retirees.
Audit Finds Illinois Police, Firefighter Pensions Lack Proper Oversight
State failed to regularly examine 656 public safety plans as required by law.
UK Issues Guaranteed Minimum Pensions Conversion Guidance
But more may need to be done to achieve clarity.
SEC Bars Hedge Fund Manager for Losing Big on Risky Bets
Matthew Rossi blamed $1.8 million in losses on nonexistent rogue trader.
Australia’s IOOF Hit with Class-Action Lawsuit
Wealth management firm accused of ‘misleading or deceptive conduct.’
Brazilian Parliament’s Decision on Pension Reform Delayed
Lawmakers unable to agree on Bolsonaro’s pension reform proposals.
Houston Pension Sues Conagra over Pinnacle Acquisition
Complaint says investors were misled over benefits of $10.9 billion merger.
Alden Global Capital in Pension Pickle with Department of Labor
Investigation of the hedge fund’s media dealings could cause cracks in Gannett deal.
CBS, Moonves Deny Violations in Pension Lawsuit
Former CEO maintains that allegations of misconduct are not true.
Oregon Gov. Proposes Robin Hood Pension Solution
To fix state’s retirement systems that are ‘ill-prepared’ for economic downturn, Kate Brown plans to take from the rich and give their tax dollars to its poorly funded pensions.
SEC, FCA Sign Brexit Cooperation Arrangements
Regulators agree to continue cooperation uninterrupted after the UK leaves the EU.
Poland Proposes to Overhaul Private Pensions
Move, aimed at helping the budget deficit, will remove assets from non-government funds.
