Wealth gap, emergency savings lead Senate committee hearing

Panelists testified that more must be done to help retirement savings, including emergency savings and student-debt management services. It might also mean passing legislation to discourage workers from prematurely cashing out their 401(k) balances.
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Rep. Casten pushes climate disclosure bill to strengthen SEC’s hand

The legislation advances to the House floor as the SEC is taking public comments on increasing ESG reporting requirements.
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ESG options in 401(k)s could boost contributions, Schroders finds

Ninety percent of plan participants who are aware of ESG choices said they invest in them.
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U.S. Capital Advisors acquires $1.4 billion RIA

The company will merge Legacy One Financial Advisors into a subsidiary, USCA RIA, and rename the merged entity U.S. Capital Wealth Advisors.
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Ex-LPL rep admits stealing $600,000 from elderly client

The broker, Matthew Clason, transferred more than $668,000 from the victim’s investment accounts into a joint bank account and then took most of it, according to the Department of Justice. He faces up to 20 years in prison.
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