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)
Two recent SEC Enforcement Division administrative settlements reinforce the importance for fund boards of directors and fund advisers to maintain a robust annual advisory contract renewal process....more