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Capital Group Companies

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Capital Group, sponsor of American Funds, wins 401(k) lawsuit

Decision comes as financial services companies, especially those focused on active management, have been sued for self-dealing.

Wells Fargo sued, again, for using in-house funds in 401(k) plan

The firm earlier this year won dismissal of a lawsuit alleging self-dealing through use of its target-date funds.

Waddell & Reed latest active fund manager sued for 401(k) self-dealing

The plaintiff claims the company only offered one unaffiliated investment option during the class period, resulting in excessive fees for participants.

Capital Group, the sponsor of American Funds, sued for self-dealing in its 401(k) plan

The plaintiff claims roughly 95% of investment options offered in the plan since 2011 were "unduly expensive" proprietary funds that led to less retirement savings for participants.

The absurd fight over mutual fund reports you probably don't even read
The absurd fight over mutual fund reports you probably don't even read

Mutual funds argue an SEC proposal would save millions of trees, while paper companies say going digital would harm elderly investors.

Middle East petrodollars attract firms

Western money managers are pouring into the Middle East in hopes of luring its fast-growing pools of petrodollars.