Modern 401(k) Plans and Public Pensions Are Violating Rules Written 300 Years Ago When Congress passed Employee Retirement Income Security Act in 1974, it did not invent fiduciary duty. It imported it.  Many State Fiduciary laws claim to be similar to ERISA. The intellectual backbone of ERISA is not a securities statute. It is not … Continue reading Before ERISA, Before the SEC, There Was Trust Law