SEC Commissioner Pushes for TDF Warnings

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SEC Commissioner Pushes for TDF Warnings
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Feb. 13, 2015

"Securities and Exchange Commissioner Luis Aguilar on Thursday called on the agency to do more to warn anyone saving for retirement about the 'inherent risks' in target-date funds and to require better disclosure rules in municipal bonds. The 'relentless' growth in TDFs is 'troubling,' Aguilar said, especially because Americans saving for retirement lack a full appreciation for their inherent risk. Also, a lack of transparency in municipal bonds, he said, is leaving investors 'vulnerable.' "

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