Target Faced With Another Stock Drop Compliant |
As in related “stock drop” cases argued post-Dudenhoeffer, plaintiffs will benefit from the fact that ESOP fiduciaries no longer have a “presumption of prudence” as it pertains to keeping employer stock in the plan—but they will still have to prove to the court that plan fiduciaries could have and should have known to take another action that would not have violated securities law.
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Cetera Named in Small Plan Excessive Fee Suit |
As investment adviser to the Checksmart 401(k) plan, Cetera Advisor Networks, has been accused of breaching fiduciary duties by only making available high cost funds to the plan.
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Steady Fund Flow Data Amid Equity Market Peaks and Troughs |
Monthly long-term investment fund flow data from Strategic Insight, an Asset International company, shows net new investments to long-term mutual funds and exchange-traded funds totaled $17 billion in June.
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Affluent Investors Prefer Face-to-Face Meetings With Advisers |
Affluent investors’ No. 1 preferred method for working with their financial advisers is face-to-face meetings, followed by phone calls and then emails, according to the second quarter 2016 John Hancock Investor Sentiment Survey.
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