Tag: ERISA fiduciary duty

Compliance October 17th, 2018

Putnam Proprietary Fund Suit Revived on Appeal

Finding "errors of law" in a district court's decision, the 1st Circuit remanded the duty of prudence claims for review.

Wednesday, the Dow lost 323.73 points (0.92%) to finish at 34,792.67, the Nasdaq was up 19.24 points (0.13%) at 14,780.53, and the S&P 500 closed 20.49 points (0.46%) lower at 4,402.66. The Russell 2000 fell 27.26 points (1.23%) to 2,196.32, and the Wilshire 5000 decreased 195.50 points (0.43%) to 45,762.46.

The price of the 10-year Treasury note was up 1/32, decreasing its yield to 1.161%. The price of the 30-year Treasury bond increased 4/32, bringing its yield down to 1.830%.