MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Invesco Sued For 'Indiscriminately' Loading 401(k) Plan With In-House Funds

TedTed
in The Bullpen
FYI: Invesco has been sued for allegedly stacking its 401(k) plan with proprietary investments, joining the ranks of more than 20 asset managers who have had to defend against similar claims of mismanagement by employees seeking to claw back lost retirement savings.

Diego Cervantes, a participant in Invesco's 401(k) plan, claims the company used investors in the company retirement plan "as a captive market for Invesco's proprietary investment products" in order to earn "lucrative fees" and boost assets under management.
Regards,
Ted
https://www.google.com/search?source=hp&ei=aJQVW_GlGIqU0gKu9KS4DA&q=investment+news+Invesco+sued+for+'indiscriminately'+loading+401(k)+plan+with+in-house+funds&oq=investment+news+Invesco+sued+for+'indiscriminately'+loading+401(k)+plan+with+in-house+funds&gs_l=psy-ab.3...337.8816.0.9735.18.15.0.0.0.0.182.1796.0j14.14.0....0...1.1j2.64.psy-ab..4.13.1670.0..0j35i39k1j0i67k1j0i131k1j0i131i67k1j0i20i264k1.0.CZzbr9ognSw
Sign In or Register to comment.