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T. Rowe Price Accused of Self-Dealing with 401(k) Plan
Bloomberg BNA
Feb. 16, 2017
"T. Rowe Price offered between 80 and 95 investment funds to participants each year -- all in-house funds, according to a lawsuit filed Feb. 14 in federal court in Maryland. These funds were expensive compared not only to funds offered by other investment companies, including Vanguard Investments, but also compared to other funds offered by T. Rowe Price to its commercial customers, the lawsuit said."
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