With 401(k) litigation increasing, plan advisors and plan sponsors need to know the latest laws as well as strategies attorneys are using to sue employers and advisors. BenefitsPRO's legal coverage includes news, analysis and updates on cases.
During his confirmation hearing, DOL nominee Acosta said in an exchange with Sen. Elizabeth Warren that the fiduciary rule 'goes far beyond addressing the standard of conduct of investment advisors.'
Will the fiduciary rule enable frivolous class-action claims? Forecasting litigation is hard, but retirement plan experts both for and against the rule give it a try.
The DOL's promised temporary enforcement reprieve of the fiduciary rule isn't stopping confusion in the marketplace, say industry plaintiffs appealing a Texas court ruling in favor of the rule.
At least one of SEC chair nominee Jay Claytons clients, Valeant Pharmaceuticals, has disclosed that its being investigated by the SEC -- and Claytons disclosure form also shows deep ties to Goldman Sachs, where his wife works as a wealth manager.