| Secretary of Labor Gets Agreement from SEC to Review Fiduciary Rule |
| During a hearing, Acosta claimed that previously the SEC did not work jointly with the DOL on the rule.
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| Micro Plan Sues Nationwide Over Asset-Based Fees |
| According to plaintiffs, the plan’s small size and lack of expertise allowed Nationwide to assess an unreasonable asset-based fee for recordkeeping and administration.
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| ESOP Failed to Meet Burden of Proof in Suit Against Transactional Trustee |
| A U.S. appellate court had to resolve a dispute about whose burden it was to prove or disprove a fiduciary breach before deciding on the case.
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| Investment Products and Service Launches |
| Goldman Sachs Launches New ActiveBeta ETF; WisdomTree Sprouts New Smart Beta ETF; Manning & Napier Rolls out Disciplined Value CIT; and more.
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