US - An internal Wilshire memo sent to all its senior consultants has warned them of potential legal pitfalls for clients when advising on the suitability of liability driven investment (LDI) products in the US.
The concerns centred on an advisory opinion given by the Department of Labor (DOL) in October 2006. It was sought by Donald Myers of ReedSmith on behalf of JPMorgan Chase Bank and asked for cla...
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