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Hauser Insurance Group Outlines Strategies for Fiduciaries to Reduce Lawsuit Risk

More than 100 companies filed a lawsuit against investment companies in 2020 for breach of fiduciary responsibility. The plaintiffs alleged that the investment companies acting as fiduciaries mismanaged their employees’ accounts by charging excessive fees, making administrative errors, and/or failing to make prudent investment decisions. According to liability experts Hauser Insurance

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