Featured Jobs
|
Merkley Retirement Consultants
|
|
Defined Benefit Specialist II or III Nova 401(k) Associates
|
|
BPAS
|
|
EPIC RPS
|
|
Distributions Processor - Qualified Retirement Plans Anchor 3(16) Fiduciary Solutions, LLC
|
|
Retirement Combo Plan Administrator Heritage Pension Advisors, Inc.
|
|
DWC ERISA Consultants LLC
|
|
Nova 401(k) Associates
|
|
BPAS
|
|
July Business Services
|
|
The Pension Source
|
|
Compensation Strategies Group, Ltd.
|
Free Newsletters
“BenefitsLink continues to be the most valuable resource we have at the firm.”
-- An attorney subscriber
|
|
|
Wells Fargo Cross-Selling Scandal Spawns ERISA Class Action
Bloomberg BNA 
Oct. 11, 2016
"[T]he new lawsuit alleges that Wells Fargo allowed workers to continue investing retirement savings in the company's stock, despite knowing that stock price was artificially inflated because of the not-yet-uncovered cross-selling scheme. According to the complaint, Wells Fargo's stock price nearly doubled during the six-year period of increased cross-selling, before dropping in value once news of the scheme broke." [Allen v. Wells Fargo, No. 16-3405 (D. Minn., complaint filed Oct. 7, 2016)]
|
| 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). |