In a presentation at the NYC Bar Association's Third Annual White Collar Crime Institute on May 19, 2014, SEC Chair Mary Jo White identified three areas of focus for the SEC in its current enforcement regime, including use of Section 20(b) to hold individuals primarily responsible for alleged misconduct. Specifically, Chairperson White stated as follows:
On June 3, 2014, the Honorable William G. Young granted preliminary approval of the nationwide settlement reached in Healthcare Strategies, Inc. et al. v. ING Life Insurance & Annuity Co., No. 3:11-cv-00282 (WGY)(D.Conn.). SFMS is lead counsel in this nationwide class action on behalf of 401(k) sponsors that utilize ING as a service provider for their retirement plan.