The Department of Labor's Employee Benefits Security Administration released its first Field Assistance Bulletin of the year, which provides guidance to field investigators regarding an exemption for investment advice in the Pension Protection Act.
The former head of a Hailey, Idaho-based hedge fund was indicted on criminal charges that he carried out a fraudulent scheme that bilked investors out of $88 million, the U.S. Attorney's office said yesterday.
After losing a number of brokers to big boys on Wall Street, David Lerner went to the mat on two arbitration cases.
