DOL defends subpoenaing participant information after trade groups raise alarms
A DOL official defended subpoenaing swaths of retirement plan information, including identifiable information, during ERISA investigations.
Source: pionline.com
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Senators Warren, Smith urge EBSA to hold Goldman accountable
Senators Warren, Smith urge EBSA to hold Goldman accountable Print Senators Elizabeth Warren of Massachusetts and Tina Smith of Minnesota Tuesday urged the Department of Labor's Employee Benefits Security Administration to reconsider plans to exempt the Goldman Sachs Group from penalties for its role in Malaysia's 1MDB scandal that would have forfeited the group's rights to manage U.S. workers' retirement assets. Despite Goldman's pending "admission of criminal wrongdoing," due to be finalized in June, for its subsidiary's role in that "massive fraud," the EBSA "has proposed a five-year exem...
Source: pionline.com