Regional Vice President of Sales The Retirement Plan Company
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Bates & Company, Inc.
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AimPoint Pension
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Loan & Distribution Specialist AimPoint Pension
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Defined Benefit Combo Cash Balance Compliance Consultant Loren D. Stark Company (LDSCO)
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Compass
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SEC and DOL See Eye to Eye in Stock-Drop Case (PDF)
Buck Apr. 6, 2016 "Taken together, DOL and SEC advise plan fiduciaries in similar situations to: Urge others to disclose.... Suspend all purchases and sales.... Disclose the fraud ... The SEC and DOL comments in this case may encourage participants to file more 'stock-drop' lawsuits, could influence sponsors to consider the elimination of their company stock funds due to expanded litigation risk, and could increase the reluctance of company officials to serve as fiduciaries for defined contribution plans." [Whitley v. BP P.L.C., No. 10-cv-4214 (S.D. Tex. Oct. 30, 2015; on appeal to 5th Cir.)] |
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