Featured Jobs
|
Sentinel Group
|
|
DWC - The 401(k) Experts
|
|
Strategic Retirement Plan Consultant Retirement Plan Consultants
|
|
MAP Retirement
|
|
BPAS
|
|
MAP Retirement
|
|
Pattison Pension
|
|
Regional Vice President, Sales MAP Retirement
|
|
Defined Benefit Plan Consultant/Actuarial Analyst Sentinel Group
|
|
Retirement Relationship Manager MAP Retirement
|
|
Plan Administrator, Defined Benefit & Cash Balance The Pension Source
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
J.P. Morgan Accused of Self-Dealing in Managing Church Trust Fund
Pensions & Investments 
Aug. 14, 2014 "The lawsuit, filed Wednesday in U.S. District Court in Indianapolis, states J.P. Morgan Chase lost money because, as lone trustee for the trusts, the firm purchased more than 177 different investment products, 'mostly from itself, using church funds because they produced the highest revenues to J.P. Morgan, to the detriment of Christ Church.' ... From late 2007 to the end of 2008, the losses brought down the trusts' assets to $27 million from about $39 million.... J.P. Morgan no longer is trustee for the two funds." 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). |