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SEC Commissioner Pushes for TDF Warnings
BenefitsPro; free registration requiredLink to more items from this source
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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