The Securities and Exchange Commission claims that Barclays PLC overbilled clients of its asset management business for tens of millions of dollars and committed other wrongdoing. It had charged the bank civilly, and Barclays agreed this week to settle the matter without admitting or denying wrongdoing.
Having a retirement plan can help you address the expenses that will come along in life after you no longer go to work to generate income. Because these funds will play a crucial role in your ability to provide for yourself after retirement, you undoubtedly hope that your employer or other entity handling your plan manages the account with your best interests in mind. Unfortunately, some individuals may think that they can defraud you by misusing your account.