DoL Requests Suggestions for 401(k) Fee Disclosures

The U.S. Department of Labor’s (DoL) Employee Benefits Security Administration will tomorrow publish a "request for information" (RFI) in the Federal Register asking for proposals on how to best approach 401(k) fee disclosures by retirement plans to their participants.

Antitrust Suit Against Insurers and Brokers Dismissed

A federal judge threw out an antitrust lawsuit against dozens of insurance brokers and insurers at some of the largest U.S. firms by policyholders who claimed that the defendants conspired with each other to fix insurance prices, but gave the plaintiffs one last chance to amend their case.

IMHO: The 80/20 Rule

Sooner or later in your career, you are exposed to the 80/20 rule or, as purists term it, the Pareto principle.

U-5 Notices Get Absolute Privilege

The New York Court of Appeals ruled that the notices employers must provide to the National Association of Securities Dealers (NASD) when they terminate an employee cannot be used as grounds for a lawsuit.

Regulators Still Probing Morningstar Advice Practices

In its most recent filing with the Securities and Exchange Commission, Morningstar Associates, LLC said that the SEC has ended an investigation into the firm’s practices, while the Department of Labor and New York Attorney General’s office appear to be taking their investigations to the next level.