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Federal Thrift Savings Plan Board Approves Trading Restrictions
The Washington Post; subscription may be required
Nov. 20, 2007
Excerpt: Alarmed by a surge in stock and bond trading by a small group of government employees, the board that oversees the Thrift Savings Plan voted yesterday for a crackdown on participants who try to beat the market by jumping in and out of the plan every few days. The day traders or market timers, as these employees are popularly called, have been driving up the plan's operating costs for all TSP participants, plan officials said.
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