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Allegations of Unfair Dealings by BNYMellon with Governmental Pension Plans Have Implications for Employee Benefits Attorneys Working with Publicly-Traded Companies
Business of Benefits 
[Guidance Overview] Jan. 10, 2012 "Retirement plan lawyers, both in house and outside counsel, may well want to take note of Bank of New York Mellon's recently reported troubles related to potentially widespread and fraudulent use of unfair currency exchange rates in their dealings with unsuspecting state and local pension plans. If there is a basis for these charges, and if they were as widespread and as sustained as alleged to be, we may have our first prime example of how SOX Section 307 and SEC's 'Part 205' Rules can implicate employee benefit lawyers." |
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