Millions of Americans depend on their 401(k) retirement plans to
provide them with supplemental income after retirement. Under the
law of the Employment Retirement Income Security Act (ERISA), an employer
must act in a fiduciary capacity in connection with the administration of
the 401(k) plan. Under ERISA, an employer who breaches the trust of its
employees and who engages in self-dealing ahead of the interest of its employees
may be liable for breach of fiduciary duty. Plan administrators are obligated to
act with the highest care when it comes to the retirement plan investments of their
employees. A retirement plan must be administered for the exclusive benefit of plan
participants and their beneficiaries, and not for the self-interests of the plan
administrators. Any violation of these duties which causes injury to employee accounts
may give rise to important rights under ERISA./p>
Aside from retirement accounts, many Americans have lost money through the
unsuitable, unauthorized or fraudulent trading activities of stockbrokers.
Instances of account churning, forgery, embezzlement, inappropriate margin trading,
unauthorized trading and stock manipulation are just a few examples of broker fraud
which can result in serious financial injury. If you have been a victim of one of
these activities, you may have rights as well as the ability to recover some of your money.
At Dreyer Boyajian LLP, we have attorneys experienced in commercial fraud,
investment fraud, ERISA fraud and related claims. Our staff and counsel include
former United States attorneys as well as members of the Securities and Exchange
Commission.
