Legal Alert: Plan guidance on using settlement restitution

Published Updated 4 Min Read

In recent years, the Securities and Exchange Commission has been aggressively taking action against various mutual fund companies, alleging late trading and market-timing activities. These actions usually result in settlement agreements between the mutual funds and the SEC.

The goal of the SEC is to ensure that plan participants, who were invested in the funds alleged to have engaged in late trading or market-timing activities, will be made whole for the losses that they incurred in their accounts.

Frank Palmieri
Partner

Frank Palmieri is an attorney who limits his practice to tax and ERISA employee benefit and employment related matters. Prior to founding Palmieri & Eisenberg, Mr. Palmieri headed the employee … Read full bio


For reprint and licensing requests for this article, click here.


More From Employee Benefit News

Sign Up Form

Login Modal Form