Class-Action Lawsuits Over 401(k) Fees Continue to Proliferate

Class-Action Lawsuits Over 401(k) Fees Continue to Proliferate

In recent years, employees have won big in class-action lawsuits relating to excessive 401(k) fees. Lockheed Martin settled one such lawsuit for $62 million and Boeing settled another for $57 million. In both cases, the plaintiffs alleged that the company’s 401(k) retirement plan charged excessive administrative fees and should have offered…

MLP Losses Lead to Raft of Investor Claims

MLP Losses Lead to Raft of Investor Claims

Master limited partnerships (MLPs) are limited partnerships that are publicly traded on national securities exchanges, most commonly the NYSE. Most MLPs operate in the energy sector, which began its much-publicized slide in late 2014. Since then, many energy MLPs have suffered huge declines in value, as the following list demonstrates:…

Broker Signing Bonuses Could Be Targeted in Trade Secret Litigation

Broker Signing Bonuses Could Be Targeted in Trade Secret Litigation

Trade secret litigation continues to be common place in the securities brokerage and investment advisory industry, notwithstanding the Protocol for Broker Recruiting. Most of the time, the disputes center around customer names and contact information. In a typical dispute, the broker departs one firm to join another, often for a…

So, Your Brokerage Firm is a “Member of the SIPC”: What Does that Mean?

So, Your Brokerage Firm is a “Member of the SIPC”: What Does that Mean?

You have probably heard of the SIPC before, and you probably know that your brokerage firm is a “member of SIPC.” But, what does that mean? And, why is it important? If you don’t know, you should read on. SIPC stands for Securities Investor Protection Corporation. It was established in 1970…