Tag: self-dealing

Compliance July 18th, 2019

SunTrust Wins Narrow Summary Judgement in Long-Running ERISA Suit

A federal court has rejected the argument that defendants were aware that their predecessor fiduciaries had breached their duties in selecting affiliated funds and thus that they breached their own duties by failing to take adequate steps to remedy the original alleged breaches.

Compliance October 8th, 2018

SEI Faces ERISA Self-Dealing Lawsuit in District Court

The lawsuit makes sweeping claims about conflicts of interest in the defined contribution retirement plan industry, suggesting financial services companies deserve extra scrutiny.

Data & Research May 1st, 2018

Inappropriate Investments, Excessive Fees, Self-Dealing Most Common Reasons for ERISA Lawsuits

The rise in lawsuits is prompting more sponsors to turn to lower-cost index funds—and could prevent them from offering lifetime income products.

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MARKET MIRROR

Friday, the Dow ever so barely inched upward by 3.33 points (0.01%) to reach 28,135.38, the NASDAQ was up by 17.56 points (0.20%) for a 8,734.88 close, and the S&P 500 ticked upwards by 0.23 points (0.01%) to 3,168.80. The Russell 2000 was down by 6.84 points (0.42%) to finish at 1,637.98, and the Wilshire 5000 was almost imperceptibly down by 17.53 points (0.05%) to end at 32,241.34. The price of the 10-year Treasury note was up by 29/32, pushing its yield down to 1.820%, and the price of the 30-year Treasury bond was down by 14/32, increasing its yield to 2.251%.

WEEK’S WORTH: For the week ended December 13, the Dow was up by 0.43%, the S&P 500 gained 0.73%, and the NASDAQ was up by 0.91%. The Russell 2000 was up by 0.25%, and the Wilshire 5000 gained 0.63%.

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