Newsdash Insight on Plan Design & Investment Strategy from PLANSPONSOR
July 27th, 2018
General Cable Snaps Plaintiffs’ ERISA Stock Drop Claims
In this case, the alleged knowledge of an artificially high stock price was rooted in the fact that the company had not disclosed that employees of its foreign subsidiaries had violated the Foreign Corrupt Practices Act of 1997 by paying bribes to foreign government officials. Read more >
Second Decision in Wells Fargo Stock Drop Case Parses ‘Loyalty’ and ‘Prudence’
Given a second chance to argue their case, participants in a Wells Fargo retirement plan have again failed to meet the steep pleading standards set out by the influential Supreme Court decision known as Fifth Third vs. Dudenhoeffer. Read more >
Class Action Securities Fraud Filings at Near Record Levels
Since midyear 2016, plaintiffs have filed more than 750 federal securities class actions, the most prolific 24-month period since enactment of the Private Securities Litigation Reform Act of 1995. Read more >
Cybersecurity Is RIAs’ Biggest Compliance Concern
This is the fifth year in a row they have identified cybersecurity as their No. 1 concern. Read more >
Why Small Business Owners Often Resist 401(k)s
'Massive' Fraud Charges Trigger Allianz Global Investors U.S. Sale to Voya
NFP Named as Defendant in Parallel Molina Healthcare ERISA Suit
Retirement Industry People Moves
Barnabas Health Latest to Settle ERISA Suit
Investment Product and Service Launches
WisdomTree Investments Announces ETF Availability on Cetera Platform and Northern Trust Develops Tools Enhancing Transparency. Read more >
The Power of Hosting Events
How one advisory firm built a space to build its business Read more >
Market Mirror
Thursday, the Dow was up 112.97 points (0.44%) at 25,527.07, the NASDAQ lost 77.13 points (0.97%) to 7,855.11, and the S&P 500 decreased 7.40 points (0.26%) to 2,838.67. The Russell 2000 closed 10.16 points (0.60%) higher at 1,695.36, and the Wilshire 5000 dropped 64.97 points (0.22%) to finish at 29,570.72. The price of the 10-year Treasury note decreased 2/32, bringing its yield up to 2.984%. The price of the 30-year Treasury bond grew 1/32, decreasing its yield to 3.102%.
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