Featured Jobs
|
MAP Retirement
|
|
DWC - The 401(k) Experts
|
|
Frank Pension Consultants, Ltd.
|
|
Relationship Manager - Defined Contributions Daybright Financial
|
|
Defined Contribution Account Manager Nova 401(k) Associates
|
|
DWC - The 401(k) Experts
|
|
PPS Pension Services
|
|
Retirement Plan Onboarding Specialist Compass
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Investment Advisor Not Liable Where Fund Not Harmed, Despite Kickbacks by Selected Broker (PDF)
U.S. Court of Appeals for the Seventh Circuit 
Sept. 24, 2001 Wsol v. Fiduciary Management Associates, Inc. (No. 00-2703, 9/12/01). Excerpt: East West was the introducing broker that [defendant] FMA used on the trades it made for the plaintiffs' pension fund. FMA paid East West 6 cents per trade and East West turned around and paid the executing broker 2 cents.... It turns out that East West was paying a kickback to one of the fund's trustees (since indicted and convicted), who in turn steered FMA to East West. MORE >> |
| Please click here to report this link if it is broken (for example, if you see a "404 File Not Found" error message after you click on the linked news item's title). |
| An important word about authorship: BenefitsLink® created this link to the news item, but we are not the news item's author (unless expressly shown above). |