DOL Offers Exemption to Criminal Banksters

Despite repeated offenses, the Department of Labor issued exemptions to five major banks and their affiliates.

At the onset, allow me to point out that the Department of Labor (DOL) claims to have issued the exemptions “to protect…

In accordance with section 408(a) of the Act and/or section 4975(c)(2) of the Code and the procedures set forth in 29 CFR part 2570, subpart B (76 FR 66637, 66644, October 27, 2011) [1] and based upon the entire record, the Department makes the following findings: