Some believe the Connecticut law could be a springboard to reform among other states.
The prosecution labeled Mr. Block's cover story as a "total charade," while the defense described the other side's two star witnesses as liars.
Plaintiffs claim practice of charging plans a percentage of assets is unreasonable.
The plaintiff claims the company only offered one unaffiliated investment option during the class period, resulting in excessive fees for participants.
Brian Graff, executive director of the National Association of Plan Advisors, predicts the Trump administration will favor tax changes that will be well liked.
Prompted by the DOL fiduciary rule, LPL has told its hybrid advisers they can offer education and outline options, but cannot advise clients to roll over their funds into an IRA.
Fidelity, Aon Hewitt and Xerox HR Solutions are currently defending against similar fiduciary-breach claims.
A panel of high-profile women in the financial advice business offers tips for success.
The funds are catching on due largely to lower costs and more product availability, but come with some inherent drawbacks.
Lisa McAlister, former chief accounting officer at the REIT once controlled by Nicholas Schorsch, said Mr. Schorsch instructed Mr. Block to commit accounting fraud in a particular financial line item.
