Posted in Ethics & Compliance

Proprietary Funds and the Death of your 401k Retirement Account

Proprietary Funds and the Death of your 401k Retirement Account…. Yesterday, the UK voted to leave the European Union, and today the Dow Jones has fallen 500 points in early trading.  What does this volatility mean for the 401k investor?  If your retirement plan is vested in publicly traded stock…

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Posted in Ethics & Compliance

Defaulted Loan and Illegal Hazardous Waste Dump Sites… Good Investments?

Principal Life Insurance Company, while acting as a fiduciary, illegally guaranteed a $13 million defaulted loan with funds held in a 401k separate account.  The “borrower” was a worthless shell company created through a partnership the developer had with Principal.  The loan defaulted, the money disappeared, and the property, an…

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