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Friday, February 8, 2013

Participants sue Fidelity for 'fiduciary self-dealing'

Participants in three 401 plans have sued Fidelity Investments , alleging the record keeper engaged in "fiduciary self-dealing," thus violating the Employee Retirement Income Securities Act, according to the lawsuit filed in U.S. District Court in Boston.

http://www.pionline.com/article/20130207/DAILYREG/130209883/participants-sue-fidelity-for-fiduciary-self-dealing

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