Hughes Applied and FINRA’s New Alternative Mutual Funds Notice: Compliance Concerns to Watch
Sponsors looking for more definitive guidelines following the Supreme Court’s Hughes decision may be waiting awhile. New court decisions haven’t stemmed the influx of cases, and further FINRA notices may indicate that Sponsors need to tighten their compliance efforts.
An Increase in Lawsuits against Sponsors May Call for Fresh Benchmarking Data
The Supreme Court’s recent case concerning plan fees has opened a pandora’s box of options for plaintiffs. Plan Sponsors may want to monitor recent developments and consider expanding their benchmarking plans.
