The U.S. District Court for the District of New Jersey issued its post-trial ruling on August 25, 2016 in Sivolella v. AXA Equitable Life Insurance Company—the first Section 36(b) trial decision since 2009. The Court...more
9/20/2016
/ AXA Equitable Life ,
Burden of Proof ,
Fees ,
Fiduciary Duty ,
Gartenberg Factors ,
Insurance Industry ,
Investment Adviser ,
Investment Company Act of 1940 ,
Investment Funds ,
Life Insurance ,
Mutual Funds ,
Section 36(b)
The U.S. Department of Labor (the “DOL”) on April 6, 2016 released the final version of its “investment advice” regulation and accompanying prohibited transaction exemptions, a highly-anticipated milestone that is the...more
5/27/2016
/ Benefit Plan Sponsors ,
Best Interest Contract Exemptions ,
Brokers ,
Conflicts of Interest ,
Department of Labor (DOL) ,
Employee Retirement Income Security Act (ERISA) ,
Fiduciary Duty ,
Final Rules ,
Individual Retirement Account (IRA) ,
Investment Adviser ,
Retirement Plan