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.

Friday, the Dow gained 823.32 points (2.68%) to 31,500.68, the Nasdaq increased 375.43 points (3.34%) to 11,607.62, and the S&P 500 was up 116.10 points (3.06%) to close at 3,911.82. The Russell 2000 gained 54.05 points (3.16%) to 1,765.72, and the Wilshire 5000 increased 1,180.82 points (3.13%) to 38,933.70.

The price of the 10-year Treasury note fell 25/32 bringing its yield up to 3.133%. The price of the 30-year Treasury bond decreased 1 1/32 bringing its yield up to 3.266%.

For the week ending June 24, the Dow was up 5.39%, the Nasdaq gained 7.49%, and the S&P 500. The Russell 2000 increased 6.00%, and the Wilshire climbed 6.58%.