27.11.2018 04.33 UTC

A complaint filed by the SEC illustrates how brokers can create -- and capitalize on -- employee confusion about their employer-sponsored retirement plan.

Caveat Emptor. Really.

Caveat Emptor. Really.

Want To Buy A Bridge? Retirement Plan Providers Profit from Participant Confusion.

A complaint brought last year by the Securities and Exchange Commission alleges that four brokers targeted federal employees in the federal employees’ defined contribution plan and misled participants about the brokers’ relationship with the federal employees’ plan. Although the conduct described in this case is particularly egregious, this case has lessons for all plan sponsors and fiduciaries.