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Fiduciary Duty › Employee Retirement Income Security Act (ERISA) › Robo-Advisors

Faegre Drinker Biddle & Reath LLP

The New Fiduciary Rule (25): Robo Advice and Robo Conflicts

Faegre Drinker Biddle & Reath LLP on

In November 2023, the U.S. Department of Labor released its package of proposed changes to the regulation defining fiduciary advice and to the exemptions for conflicts and compensation for investment recommendations to...more

Proskauer - Employee Benefits & Executive...

Record-Keeper Defeats Second Round of Robo-Adviser Fee Litigation

Proskauer - Employee Benefits & Executive... on

As we reported, record-keepers for large 401(k) plans have thus far been successful in defending ERISA fiduciary-breach litigation over investment advice powered by Financial Engines. These lawsuits generally claim that fees...more

Ary Rosenbaum - The Rosenbaum Law Firm P.C.

Home Depot is the next 401(k) lawsuit target

Ary Rosenbaum - The Rosenbaum Law Firm P.C. on

The company that told us we can do home improvement by ourselves might not have been able to properly run their 401(k) plan. Home Depot is now the target of a $140 million class-action lawsuit that was filed in the U.S....more

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