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DOL to Tell Congress by Year-End If Computer Models Are Suitable for IRAs
Investment Advisor 
Sept. 5, 2007
Excerpt: Are computer models that meet the statutory requirements set out in the [PPA] an effective tool to use to provide investment advice to IRA owners and participants in 401(k) plans? The Securities Industry and Financial Markets Association's (SIFMA) president and CEO, Marc Lackritz, told the Department of Labor (DOL) during a recent hearing that those computer models force individuals into a one-size-fits-all investing and advice approach that cannot offer the level of service provided by an investment advisor.
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