Class Suit Filed Against TIAA Alleges Scheme, ERISA Fiduciary Violations

Mealey's (October 21, 2021, 3:16 PM EDT) -- NEW YORK — Three retirement plan participants who opened TIAA Portfolio Advisor accounts between 2013 and 2018 filed a putative class suit in a New York federal court on Oct. 11, claiming violations of the Employee Retirement Income Security Act and alleging “dishonest actions to benefit itself at participants’ expense.”...

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