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Senator Warren Taken to Task for 'Misplaced,' 'Misinformed' and Ultimately Toothless Letter to Fidelity about Bitcoin-Inclusive 401(k) Menus
RIABiz 
[Opinion] May 9, 2022 "The letter, penned by [U.S. Sen. Elizabeth Warren (D-Mass.)] and U.S. Sen. Tina Smith (D-Minn.), questions what risk Fidelity attaches to Bitcoin that it offers to its customers and how Fidelity plans to address those risks.... 'The letter itself is highly misinformed and misleading,' says Louis Harvey, president and CEO of Dalbar Inc. 'The inclusion of an asset class is not dangerous unless the allocation of an investor's assets in that class is excessive.' " MORE >> |
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