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Retirement Plans
Retirement plans can fall victim to fraud or unethical practices by companies, brokers or brokerage houses. The Employee Retirement Income Security Act of 1974 (ERISA) protects money placed in retirement plans by investors. The ERISA outlines minimum standards for pension plans in private industry. Under the ERISA, plans must provide key information to participants, set guidelines for participation, guarantees some payment if plan is terminated and gives participants the right to sue if fiduciary duties are breached. Unethical practices by administrators of retirement plans may include failing to act solely in participants' best interest, using plan assets to benefit people other than participants, failing to follow terms of the plan, failing to properly asses the value of plan assets, or failing to properly monitor plan services.
Fast Facts
| Issue name: | Retirement plans |
| Applicable law/agency: | Securities and Exchange Commission (SEC), National Association of Securities Dealers (NASD) |
| Related topics: | Securities, breach of fiduciary duty, stock market losses, theft, annuities |
Retirement Plan Fiduciary Role is Key
The Employee Retirement Income Security Act of 1974 (ERISA) is the federal law that regulates most employee benefit plans in the private sector, including retirement plans. The... read more
Retirement Plan Losses May Be Able To Be Recovered
Many pension funds throughout the country have been victimized by the unethical practices of corporations, stockbrokers, and brokerage houses. Pension funds and their trustees have an important... read more
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Jury Verdicts Related to Retirement Plans
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Government Articles Related to Retirement Plans
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News Articles Related to Retirement Plans
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Useful Web Sites Related to Retirement Plans
SEC Staff Report Concerning Pension Consultants
Anapol Schwartz, Securities Fraud Attorneys
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Wikipedia Entries Related to Retirement Plans
Retirement plans in the United States
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Books Related to Retirement Plans
Get a Life: You Don't Need a Million to Retire Well
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