McDonald’s 401k Program Under Legal Scrutiny

Despite praise from various sectors of the financial industry, the 401k program offered to McDonald's managers has come under scrutiny as a McDonalds 401k class action lawsuit investigation is launched. McDonald's offers its managers a matching program for money invested in their... Read More »

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McDonalds Investigated over Risky 401k Investment Choices

An investigation has been launched into claims that the world’s most popular fast food chain, McDonalds, made unsuitable portfolio investments and caused managers to lose money in their 401k retirement funds. McDonalds provides an employee 401k plan as part of its employee... Read More »

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McDonalds Employees 401k Plan Under Investigation

There are thousands of McDonalds employees across the nation who rely on McDonalds' 401k plan as their source of retirement income. McDonalds has the legal responsibility under the Employee Retirement Income Security Act of 1974 (ERISA) to protect the retirement for a... Read More »

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Financial Fraud Tool Launched by CFTC

Financial fraud is on the rise, according to U.S. government financial watchdog the Commodity Futures Trading Commission (CFTC). In response to the increase of financial fraud across the nation, this commission has launched a consumer education campaign and accompanying website with the... Read More »

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UBS Mutual Fund Class Action Alleges Financial Mishandling

A group of investors in Puerto Rico allege that a major financial services firm took advantage of investment loopholes, engaged in shady activity, and failed in its fiduciary duty, according to a UBS mutual fund class action lawsuit. Legal requirements in the… Read More »

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Elder Financial Abuse Examined

One of the biggest social epidemics in the United States is the trend of elders being taken advantage of for financial gain.  Classified as financial elder abuse, senior citizens often find themselves the targets of exploitation because of their weakened physical and… Read More »

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Annuity Fraud Makes 2014 IRS Dirty Dozen List

The Internal Revenue Service issued its annual “Dirty Dozen” list of tax scams, cautioning taxpayers to protect themselves against a wide range of schemes this tax season. “Taxpayers should be on the lookout for tax scams using the IRS name,” said IRS… Read More »

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Annuity Fraud Case Comes With a Dark Twist

Life insurance and annuity fraud scams can take a wide range of forms, but one recent case is particularly dark. The Securities and Exchange Commission (SEC) received a complaint that two brokers intentionally defrauded customers by luring people to invest in contracts… Read More »

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Federal Judge Trims Annuity Fraud Allegations against ING

A California federal judge on March 4 dismissed several claims against ING USA Annuity and Life Insurance Co. for allegedly selling life insurance contracts to senior citizens that did not pay out as promised. The judge found that the purchasers could only… Read More »

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da Vinci Robot Injuries Were Hid from FDA, Class Action Lawsuit Says

Intuitive Surgical Inc. has been hit with a class action lawsuit from shareholders who allege the company made misleading statements concerning its flagship product, the da Vinci Surgical System, including “concerted efforts to conceal da Vinci’s internally-known defects and the injuries caused… Read More »

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Class Action Lawsuit Accuses Angie’s List of Insider Trading

Lead plaintiffs Eva and Harold Baron have filed a class action lawsuit against Angie’s List, alleging that company executives inflated it share price by making false and misleading statements about growth and revenue and eventually selling their own stocks for more than… Read More »

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Corporate Disinterest Could Limit Future Annuities Fraud

There are two main goals for financial instruments for older Americans: maintain or increase the principal to provide stability, or guarantee monthly payments for a set period of time. Firms offering these products are declining to continue selling them and the net… Read More »

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