Skip to main content
Message Font: Serif | Sans-Serif
 
No. of Recommendations: 0
So, were there any criminal trials? I'm assuming not because I've asked you that question before, and that question has been ignored.

No one really knows for sure... I have asked for records from the DOL under the Freedom of Information Act, with no reply. The Justice Department would be the ones to prosecute the DOL action, and Eric Holter's office has been offering Deferred Settlement Agreements rather than a plea with the corporate entities.

Don't have a clue.... I was at retirement age and wanted the money rolled over to another investment, which millions of others, including yourself, was able to do. The main difference was that out of the thousands of investment options available to the investors in 2008 and 2009, the PUSPSA was the ONLY investment that was frozen.

Other real estate accounts may have been frozen for contributions coming in, but NOT for withdrawals.

everyone who points out that Principal was following rules that were disclosed to you

This is simply not a true statement... Principal's actions were never disclosed to the investors, except for the fact they could freeze the account. And their actions after freezing the account grossly violated any fiduciary standard. Enough said.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.