Legal

Oral arguments were heard this week in the first 401(k) excessive-fee case that the Supreme Court has agreed to consider.

The DOL pushes forward in its bid to expand the types of retirement investment advice subject to ERISA.

The beneficiaries accused the defense contractor of subjecting them to excessive management fees.

The White House memo said abusive trading practices cost investors $8 billion to $17 billion a year.

Participants in 401(k) plans accused the Chicago-based bank of mismanaging investments in its securities lending business and charging excessive fees.

The refunds seized were based on survivor benefits paid out decades ago, to when the plaintiffs were children.