For Former Employees and Retirees of Mondelez International

For-Former-Employees-and-Retirees-of-Mondelez-International
Mondelez International is a large American food and beverage company that is headquartered in Deerfield, Illinois. As of 2017, it is estimated that this company employs nearly 110,000 people around the world, mostly in the United States.

Full-time employees of the company are automatically enrolled in the Mondelez Global 401(k) Savings Plan. This saving plan allows workers to get certain advantages, including tax advantages when putting away money for their retirement.

Unfortunately, participants in the Mondelez Global 401(k) Savings Plan, like other qualified retirement plans, have sometimes become targets of fraudulent brokers and financial advisors. Ultimately, these brokers must be held accountable for their misconduct.

 

Mondelez International: Savings Plan Investment Losses

If you are a current or former employee of Mondelez International, you may have participated in the company’s sponsored 401(k) Savings Plan. If you have done so, your goal was most likely to put away money for the future. With very limited exceptions, workers do not put away money in their 401(k) or IRA plan looking for highly speculative and risky investments. Instead, workers want to find safety. They want investment opportunities that will allow them to have much needed financial stability during their retirement.

Licensed financial professionals have a duty to get you into the right investments. Unfortunately, registered investments advisors (RIAs) and big brokerage firms do not always live up to their end of the bargain. There have been many cases reported in which brokers have encouraged workers to put their money into unsuitably risky investments.

 

Retirement Savings: Unsuitable Investment Claims

Under securities industry regulations, brokers and broker-dealers have a legal duty to avoid recommending unsuitable investments. Under FINRA Rule 2111, financial professionals must ensure that they paying attention to the individual needs of their customers.

This must be done when an investment professional is assessing whether or not selected financial products and securities are actually appropriate for the employee investor. More specifically, your investment advisor should consider all of the following factors:

In far too many cases, financial advisors and brokers failed to take into consideration the needs of current and former Mondelez International workers. As as a result, these brokers negligently pushed investors into inappropriate, unsuitable investment positions. These investments carried far too much financial risk.

In the worst cases, retirement savings were put at risk with relatively limited upside. Workers who sustained major retirement plan losses because of unsuitable investments, or any other type of broker negligence, may be able to obtain financial relief for their financial damages.

 

We are Strong Advocates for Investors

At the Sonn Law Group, our skilled investment fraud attorneys are proud to be aggressive advocates for all investors, including retirees and near retirees. If you sustained major investment losses due to fraud or negligence, please call our law firm today for a free, fully private review of your legal case.

Disclaimer: This article contains opinions and NOT statements of fact in any way whatsoever. The information here is general information that should not be taken as legal advice. NO attorney-client relationship is established between you and our attorneys by reading this article. This article is attorney advertising and should not be used as a substitute for legal advice from a qualified securities lawyer.

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