News
Stay up to date on the latest news, industry updates, and releases related to Broadridge Fi360 Solutions.
SEC ‘temporary’ principal trading rule to expire
InvestmentNewsAugust 24, 2016
SEC ‘temporary’ principal trading rule to expire. Official says few firms are using it, although SIFMA has been a proponent of keeping it alive.
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Columbia University targeted in $100 million lawsuit over excessive retirement plan fees
InvestmentNewsAugust 17, 2016
Columbia University was sued Tuesday on claims its retirement plans charged excessive fees. This follows a string of similar litigation filed over the past week against several top universities, leading to speculation that these suits are merely the first volleys in what's likely to be a developing trend.
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Neuberger Berman the Latest Sued Over In-House Funds in 401(k)
Wealth Management.comAugust 09, 2016
A former Neuberger Berman employee is the lead plaintiff on a class-action lawsuit against the asset manager, alleging the firm cost all employees $130 million in retirement savings.
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Neuberger Berman Latest Financial Firm to Be Hit With 401(k) Suit
The Wall Street JournalAugust 05, 2016
Money manager accused of self-dealing for putting its investment products in its 401(k) plan.
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Neuberger Berman sued for excessive 401(k) fees
InvestmentNewsAugust 04, 2016
Another financial services company has been targeted for costly proprietary investments in its 401(k) plan, leading to allegations of self-dealing at the expense of employees.
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Franklin Templeton sued by employees for self-dealing in 401(k) plan
InvestmentNewsAugust 01, 2016
The asset management firm joins the likes of American Century Investments and New York Life, which were also sued by employees for using proprietary funds in their 401(k) plans.
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