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DOL Cracks Down a Bit
Old 02-27-2012, 01:56 PM   #1
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DOL Cracks Down a Bit

Nice to see the DOL cracking heads, I'd like to see more of this stuff.
So far this year, the Department of Labor’s Employee Benefits Security Administration (EBSA) has significantly raised its enforcement efforts in what Andy Larson, director of the Retirement Learning Center, said should serve as a wakeup call to advisors who advise retirement plans and plan sponsors.
In 2011, EBSA said it had closed 3,472 civil cases and obtained monetary results of nearly $1.39 billion. EBSA also closed 302 criminal cases that resulted in 129 individuals being indicted and 75 cases being closed with guilty pleas and/or convictions. DOL also wants to increase the number of its enforcement personnel from 913 to 1,003 this year.
DOL Cracks Down on Retirement Plan Advisors for Fiduciary Negligence

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Old 02-27-2012, 02:13 PM   #2
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Old news............
Consult with your own advisor or representative. My thoughts should not be construed as investment advice. Past performance is no guarantee of future results (love that one).......:)

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