TPA kickback scandal
I wonder how much of a problem that this is. It seems that there is an awful lot of room, and money, for abuse of ignorant employees who entrust their 401(k) investments to sleazy TPAs.
We believe that the level of wrongdoing found in the current kickback scandal exceeds even the level of wrongdoing in the market-timing and late-trading scandals and, accordingly, presents an even stronger argument for an independent chairman," mutual fund shareholder advocate Mercer Bullard wrote
http://www.investmentnews.com/articl...rticleId=56160
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