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SEC Chairman Jay Clayton Describes SEC's Ongoing Efforts to Protect Teachers' Retirement Savings
U.S. Securities and Exchange Commission [SEC]
[Official Guidance] July 28, 2020 "[The] Teachers Initiative ... is an important aspect of [the SEC's] efforts to focus enforcement and investor education resources where they are needed and will have the greatest impact -- we have at least 800,000 teachers who participate in defined contribution plans with a total of over $1 trillion in assets ... That is a pool of assets that should be managed with due care and candor.... [T]he amounts at stake are high and our teachers deserve our attention. It is clear that we and our fellow authorities -- federal, state and local -- should be watching this space." MORE >> |
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