In Wit v. United Behavioral Health, the U.S. Court of Appeals for the Ninth Circuit recently reversed the federal district court's ruling that United Behavioral Health (UBH) breached its fiduciary duty.
The U.S. Department of Labor cautions plan fiduciaries to exercise extreme care before they consider adding a cryptocurrency option to a 401(k) plan’s investment menu for plan.
Cryptocurrency investing has experienced a tidal wave of popularity since the fabled genesis of Bitcoin in 2009. This growth has been fueled by “extreme” investment returns (despite.