DOL, SEC Enforcement Roundup: 401(k) Trustees Sentenced for Embezzlement
The DOL and the SEC took action recently on a number of cases that included embezzlement and breach of fiduciary duty, illegal tips on M&As, failure to protect confidential information and fraud.
AARP Sues Wells Fargo, Fannie Mae Over Reverse Mortgage Foreclosures
AARP is challenging reverse mortgage foreclosures, claiming that lenders failed to offer borrowers the option to purchase the property for its fair market value.
AARP Sues Fannie Mae, Wells Fargo Over Reverse Mortgages
AARP has gone to court for a second time to challenge foreclosures on reverse mortgages in which plaintiffs were not notified and were not offered the option of purchasing the property for 95% of its appraised value.