EBSA criminal project to prosecute egregious violations of ERISA

In a September 14, 2009 speech, Assistant Secretary of Labor Phyllis C. Borzi announced that EBSA has initiated a criminal project to prosecute what she referred to as ‘the most egregious and persistent violations’ of ERISA, and also plans to focus enforcement efforts on several key civil areas. All plan sponsors, administrators and other fiduciaries should be aware of these enforcement priorities. Link to full article: http://www.arentfox.com/publications/index.cfm?fa=legalUpdateDisp&content_id=2144

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