Law office of Brodsky & Smith, LLC said it is investigating the investment by Advanta Corp. (ADVNB) of Plan participants' and beneficiaries' assets in company stock. The investigation concerns whether administrators breached their fiduciary duties and violated the Employee Retirement Income Security Act of 1974 by investing assets in company stock when it was not a prudent investment for participants' retirement savings.
For comments and feedback: editorial@rttnews.com